Home Financial Stock Alert: Webster Financial Corporation (NYSE:WBS)

Stock Alert: Webster Financial Corporation (NYSE:WBS)

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On Monday, Shares of Webster Financial Corporation (NYSE:WBS), added 1.99% and closed at $51.26 in the last trading session. The last trading range of the stock ranges between $51.20 and $53.13.

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., declared recently that its Board of Directors declared a quarterly cash dividend of $.260 per share on its common stock, a boost of $.010 from the previous $.250per share.

James C. Smith, chairman and CEO, said, “In light of Webster’s continued solid financial execution and strong capital position, the Board of Directors voted to boost the dividend on our common shares.”

The dividend on the common shares will be payable May 22, 2017 to investors of record on May 8, 2017.

On its Series E Preferred Stock, Webster declared a quarterly cash dividend of $400 per share ($.400 per each depository share, 1,000.00 of which represent one share of Series E Preferred Stock), payable June 15, 2017 to shareholders of record on June 1, 2017.

Analyst recommendation for this stock stands at 3.00.