WesBanco Announces Dividend for Shareholders This Quarter
WesBanco Announces Quarterly Cash Dividend
WesBanco, Inc. (NASDAQ: WSBC), a prominent bank holding company, has made an important announcement regarding its quarterly cash dividend. The Board of Directors has declared a cash dividend of $0.37 per share for all common stock holders. This decision showcases the company’s ongoing dedication to enhancing shareholder value.
Details of the Dividend Declaration
Shareholders can expect the dividend to be paid on October 1 to those on record as of September 5. This cash dividend represents an annualized rate of $1.48 per share, an indicator of the firm's robust financial health and commitment to those investing in the company.
About WesBanco, Inc.
WesBanco, Inc. has a rich history spanning over 150 years, offering regional financial services with a community-centric approach. The bank operates as a diversified financial institution across multiple states, providing a wide array of banking solutions. These solutions range from retail to commercial banking, trust, brokerage, and wealth management services, all aimed at facilitating the financial growth of its customers.
Building Strong Customer Relationships
The strength of WesBanco lies in its ability to form lasting relationships with customers. With services tailored to meet various financial needs, the bank has successfully positioned itself as a trusted partner for individuals and businesses alike. Customers admire the blend of large bank capabilities and local focus, which enables WesBanco to serve each community effectively.
Financial Highlights of WesBanco
As of the latest financial report, WesBanco boasts total assets of $27.6 billion, showcasing its stable and growing financial position. Notably, its Trust and Investment Services manage $7.2 billion in assets, along with securities account values, including annuities, amounting to $2.6 billion. These figures reflect the strength of the bank’s services in the financial marketplace.
Commitment to Community Prosperity
WesBanco's mission extends beyond banking; it is deeply committed to making communities better places for individuals and businesses to grow. By providing sound financial solutions and fostering relationships, WesBanco fulfills its role as a community-focused institution effectively.
Future Outlook
Looking ahead, WesBanco aims to continue its trajectory of growth while maintaining its focus on customer success and community development. The recent dividend declaration exemplifies the company’s strategy to return value to shareholders while advocating for community advancement through strong customer relationships.
Frequently Asked Questions
What is the cash dividend amount declared by WesBanco?
The Board of Directors declared a quarterly cash dividend of $0.37 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on October 1 to shareholders of record as of September 5.
What is the annualized dividend rate?
The annualized cash dividend rate is $1.48 per common share.
What services does WesBanco provide?
WesBanco offers a comprehensive range of banking services, including commercial banking, retail banking, trust, brokerage, and wealth management.
How much total assets does WesBanco have?
As of the latest report, WesBanco has total assets amounting to $27.6 billion.
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