Webster Financial Corporation (WBS) to Distribute Quarterly Dividend of $0.40 on August 20th

Webster Financial Corporation (NYSE:WBS) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be given a dividend of 0.40 per share by the financial services provider on Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th.

Webster Financial has a payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Webster Financial to earn $7.29 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 21.9%.

Webster Financial Stock Up 0.3%

WBS stock opened at $79.02 on Friday. The stock has a market cap of $12.80 billion, a PE ratio of 12.85 and a beta of 1.01. The firm’s 50-day simple moving average is $75.67 and its 200 day simple moving average is $72.30. Webster Financial has a fifty-two week low of $52.69 and a fifty-two week high of $79.74. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46.

Webster Financial (NYSE:WBS) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. The firm had revenue of $769.23 million for the quarter, compared to analyst estimates of $755.80 million. During the same period in the previous year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Webster Financial will post 6.59 EPS 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.