Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A., announced that its Board declared a quarterly cash dividend of $.10 on its common stock, an increase from the previous $.05 per share.
The dividend on the common shares will be payable on May 21, 2012, to shareholders of record on May 7, 2012.
Webster also declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock, payable on June 15, 2012, to shareholders of record on June 1, 2012.
Webster recently reported net income for the first quarter ended March 31, 2012 of $38.3 million, or $0.42 per share, higher than net income of $33.7 million, or $0.36 per share, reported for the corresponding quarter last year.
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