WATERBURY, Conn., April 25, 2016 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that its Board of Directors declared a quarterly cash dividend of $.25 per share on its common stock, an increase of $.02 from the previous $.23 per share.
James C. Smith, chairman and CEO, said, "In light of Webster's continued solid financial performance and strong capital position, the Board of Directors voted to increase the dividend on our common shares."
The dividend on the common shares will be payable May, 23, 2016 to shareholders of record on May 9, 2016.
On its Series E Preferred Stock, Webster declared a quarterly cash dividend of $400.00 per share ($.40 per each depository share, 1,000 of which represent one share of Series E Preferred Stock), payable June 15, 2016 to shareholders of record on June 1, 2016.
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $24.9 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 180 banking centers and 352 ATMs. Webster also provides telephone banking, mobile banking, and Internet banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
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SOURCE Webster Financial Corporation