logo
Share SHARE
FONT-SIZE Plus   Neg

Webster Financial Boosts Dividend - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT