Webster Financial Corporation (NYSE:WBS) to Issue $0.40 Quarterly Dividend

Webster Financial Corporation (NYSE:WBS) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Monday, February 9th will be given a dividend of 0.40 per share by the financial services provider on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, February 9th.

Webster Financial has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Webster Financial to earn $6.68 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 24.0%.

Webster Financial Stock Up 0.6%

Webster Financial stock traded up $0.39 during mid-day trading on Thursday, reaching $64.92. The stock had a trading volume of 190,701 shares, compared to its average volume of 1,546,542. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day moving average price of $63.15 and a two-hundred day moving average price of $60.27. Webster Financial has a one year low of $39.43 and a one year high of $67.43. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.83 and a beta of 1.05.

Webster Financial (NYSE:WBS) last released its earnings results on Friday, January 23rd. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.07. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. The company had revenue of $760.48 million during the quarter, compared to analyst estimates of $731.95 million. During the same period in the prior year, the firm posted $1.43 EPS. On average, analysts expect that Webster Financial will post 5.88 EPS for the current fiscal 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.