WesBanco Inc. Announces Quarterly Dividend for Preferred Stock
WesBanco Inc. Declares Cash Dividend for Preferred Stock
WesBanco, Inc. (NASDAQ: WSBC), a well-established multi-state bank holding company, has made headlines with its recent declaration of a quarterly cash dividend on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A. This exciting news reflects WesBanco's ongoing commitment to providing value to its shareholders.
Details of the Dividend Declaration
The dividend is applicable to the shares of Series A Preferred Stock (NASDAQ: WSBCP). Measured for the period from August 15 to November 15 of this year, the cash dividend is set at an attractive rate of $0.421875 per depositary share, which totals approximately $16.875 for each share held. This generous payout ensures shareholders can expect consistent returns on their investments.
Dividend Payment Schedule
This cash dividend is scheduled for payment on November 15 of this year, benefitting shareholders of record as of November 1. By maintaining such a payout schedule, WesBanco continues to foster trust and reliability among its investor community, showcasing its financial strength and readiness for future growth.
A Closer Look at WesBanco, Inc.
WesBanco has built a solid reputation over more than 150 years as a partner focused on serving community financial needs. Headquartered in Wheeling, the company successfully operates across an eight-state area, providing banking services tailored to meet diverse customer requirements.
Comprehensive Financial Services
The range of services offered by WesBanco includes not just traditional retail and commercial banking, but also trust and brokerage solutions, wealth management, and insurance services. Each of these offerings is crafted to support customers in achieving their financial aspirations, fostering lasting relationships built on trust and reliability.
Strength Through Relationships
WesBanco prides itself on combining the capabilities of a large bank with a local touch. This unique approach enables the bank to personalize its services for each community, ultimately striving to make every area it serves a better place for businesses and individuals alike.
Company Financials and Future Outlook
As of June, WesBanco boasted total assets of $18.1 billion. Its Trust and Investment Services manage $5.6 billion in assets, alongside $1.8 billion in securities account values, underlining the company's robust financial health. The consistent cash dividend payments also signal a positive outlook for the bank's profitability going forward.
Engaging With the Community
WesBanco’s dedication to its clients and communities manifests not just in its service offerings but also in its community engagement efforts. By building strong ties at the local level, the bank aims to enhance economic opportunities for all, further solidifying its position as a leading financial services provider.
How to Access More Information
For clients and investors seeking additional information about WesBanco, learning resources are available online. Following the company on social media platforms like Facebook, LinkedIn, and Instagram also offers insights into its operations and community initiatives.
Frequently Asked Questions
What is WesBanco's recent dividend declaration?
WesBanco has declared a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A.
When will the dividend be paid?
The cash dividend is set to be paid on November 15 to shareholders of record as of November 1.
How long has WesBanco been in business?
WesBanco has over 150 years of experience as a financial services provider, focusing on community needs.
What types of services does WesBanco offer?
WesBanco offers a comprehensive range of services, including banking, trust, brokerage, wealth management, and insurance services.
How can I find more information about WesBanco?
More information can be accessed via their official website and social media platforms, where the bank shares insights and updates.
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