WesBanco Inc. Announces Latest Cash Dividend for Preferred Shares
WesBanco's Commitment to Shareholders
WesBanco, Inc. (NASDAQ: WSBC) has recently made headlines by declaring a quarterly cash dividend on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A. This announcement emphasizes the bank's steady commitment to providing value to its shareholders.
Details of the Cash Dividend
The declared cash dividend is set for the period running from February 15 up to but not including May 15. It amounts to $0.421875 per depositary share, translating to $16.875 per share of the Series A Preferred Stock. This dividend demonstrates the company's strong financial performance and robust capital management strategy.
Dividend Payment Schedule
Shareholders who hold the Series A Preferred Stock will receive their cash dividend on May 15. Those who are on record by May 1 will be eligible for this payment. This systematic approach to dividends reinforces WesBanco's reliability and commitment to enhancing shareholder returns.
WesBanco's Financial Services Offerings
With over 150 years in the banking industry, WesBanco Inc. has established itself as a prominent community-focused financial services partner. The bank offers a comprehensive range of services that empower customers in achieving their financial aspirations.
Building Strong Relationships
WesBanco provides a variety of services such as retail and commercial banking, trust, brokerage, wealth management, and insurance. These offerings are designed to cater to the unique financial needs of customers across a nine-state footprint. The bank’s dedication to building strong relationships contributes to the prosperity of the communities it serves.
Strategic Growth Initiatives
WesBanco has strategically positioned itself for growth, managing assets exceeding $27 billion. The Trust and Investment Services division of the bank holds more than $7 billion in assets under management, showcasing its strength in the investment arena. Furthermore, with recent acquisitions, including that of Premier Financial, WesBanco is expanding its reach and capabilities, enhancing its service offerings.
Focus on Community Impact
Through its robust financial solutions and personalized service, WesBanco aims to make each community a better place for businesses and individuals alike. The bank prioritizes the success of its clients, ensuring that they receive tailored support throughout their financial journeys.
Conclusion
The declaration of the cash dividend by WesBanco reflects its ongoing dedication to delivering value to shareholders while simultaneously investing in community growth. As a reliable financial institution, WesBanco continues to forge paths toward successful financial futures for its customers and stakeholders.
Frequently Asked Questions
What is the cash dividend declared by WesBanco?
WesBanco declared a cash dividend of $0.421875 per depositary share for its Series A Preferred Stock.
When will the cash dividend be paid?
The cash dividend will be paid on May 15 to shareholders of record as of May 1.
What services does WesBanco offer?
WesBanco offers a range of services including retail banking, commercial banking, wealth management, and insurance solutions.
How long has WesBanco been in operation?
WesBanco has been in the banking industry for over 150 years, establishing a strong community presence.
What is the financial strength of WesBanco?
WesBanco manages over $27 billion in total assets, indicating significant financial strength and stability.
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