Webster Financial Corporation Declares Quarterly Dividend for Series G Preferred Shares
Webster Financial Corporation has declared a quarterly dividend of $0.4062 per share for its 6.50% Cumulative Preferred Stock, Series G (WBS.PR.G). The amount is consistent with previous payouts and results in a forward yield of approximately 6.97%. Shareholders must be registered as of September 30 to receive the dividend payment on October 15. The announcement comes amid ongoing discussions about Webster Financial's strategic partnership with Banco Santander, which has seen increased market interest following recent political developments related to Spain and U.S.-Spain relations under former President Trump. Analysts have noted limited upside potential for the stock despite these dynamics. Market sentiment remains cautious due to broader credit risks in the financial sector.
Tickers: $WBS
Topics: dividends preferred stock