WesBanco Declares Quarterly Cash Dividend upon Its Perpetual Preferred Stock

Rhea-AI Summary

WesBanco, Inc. (Nasdaq: WSBC) has announced a quarterly cash dividend on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (Nasdaq: WSBCP). The dividend covers the period from August 15, 2024, to November 15, 2024, and amounts to $0.421875 per depositary share, or $16.875 per share of Series A Preferred Stock. The dividend will be payable on November 15, 2024, to shareholders of record on November 1, 2024.

WesBanco is a diversified, multi-state bank holding company with over 150 years of experience. As of June 30, 2024, WesBanco had $18.1 billion in total assets, with Trust and Investment Services holding $5.6 billion of assets under management and securities account values of $1.8 billion through its broker/dealer.

Positive

• Consistent dividend payment demonstrates financial stability
• Substantial total assets of $18.1 billion
• Strong asset management with $5.6 billion under management
• Diversified financial services offering including banking, trust, and brokerage

Negative

• None.

News Market Reaction

+0.48%

1 alert

+0.48% News Effect

On the day this news was published, WSBC gained 0.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WHEELING, W.Va., Sept. 26, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding shares of its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") (Nasdaq: WSBCP). The declared cash dividend on the Series A Preferred Stock is for the period from August 15, 2024, up to, but excluding November 15, 2024. The declared cash dividend equates to $0.421875 per depositary share, or $16.875 per share of the Series A Preferred Stock outstanding. The cash dividend is payable on November 15, 2024 to shareholders of record on November 1, 2024.

About WesBanco, Inc.
With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our eight-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $18.1 billion in total assets, with our Trust and Investment Services holding $5.6 billion of assets under management and securities account values (including annuities) of $1.8 billion through our broker/dealer, as of June 30, 2024. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

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SOURCE WesBanco, Inc.

FAQ

What is the dividend amount for WesBanco's Series A Preferred Stock (WSBC)?

WesBanco declared a quarterly cash dividend of $0.421875 per depositary share, or $16.875 per share of the Series A Preferred Stock.

When is the dividend payable for WesBanco's Series A Preferred Stock (WSBC)?

The dividend is payable on November 15, 2024, to shareholders of record on November 1, 2024.

What period does WesBanco's (WSBC) latest preferred stock dividend cover?

The dividend covers the period from August 15, 2024, up to, but excluding November 15, 2024.

How much in total assets does WesBanco (WSBC) have as of June 30, 2024?

As of June 30, 2024, WesBanco had $18.1 billion in total assets.