Webster Financial Corporation (WBS) To Go Ex-Dividend on May 11th

Webster Financial Corporation (NYSE:WBS) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be paid a dividend of 0.40 per share by the financial services provider on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, May 11th.

Webster Financial has a payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Webster Financial to earn $7.35 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 21.8%.

Webster Financial Stock Performance

Shares of WBS stock opened at $72.47 on Friday. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 11.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The business has a fifty day moving average of $70.54 and a 200 day moving average of $65.30. Webster Financial has a 1 year low of $46.81 and a 1 year high of $74.00.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $764.05 million during the quarter, compared to analyst estimates of $735.26 million. Webster Financial had a return on equity of 11.31% and a net margin of 22.95%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. As a group, research analysts expect that Webster Financial will post 6.61 earnings per share for the current year.

About Webster Financial

Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.

In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.