WATERBURY, Conn., April 21, 2014 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that its Board of Directors declared its quarterly cash dividend of $.20 on its common stock, an increase of $.05 from the previous $.15 per share.
James C. Smith, chairman and CEO, said, "In light of Webster's solid financial performance and strong capital position, the Board of Directors voted to meaningfully increase the dividend on our common shares."
The dividend on the common shares will be payable on May 19, 2014, to shareholders of record on May 5, 2014.
Webster also declared a regular quarterly cash dividend of $21.25 per share on its Series A Convertible Preferred Stock, payable on June 16, 2014, to shareholders of record on June 1, 2014.
On its Series E Preferred Stock, Webster declared a quarterly cash dividend of $400.00 per share ($.40 per each depositary share, 1,000 of which represent one share of Series E preferred stock), payable on June 16, 2014, to shareholders of record on June 2, 2014.
Webster Financial Corporation is the holding company for Webster Bank, N.A. With $21 billion in assets, Webster provides business and consumer banking, mortgages, private banking, trust and investment services through 168 banking offices; 310 ATMs; telephone banking; mobile banking; and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and 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 or follow us on LinkedIn http://linkedin.com/company/webster-bank and Twitter https://twitter.com/WebsterBank.
SOURCE Webster Financial Corporation