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

Webster Financial Corporation (NYSE:WBS) announced a quarterly dividend on Wednesday, July 29th. Stockholders 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) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, August 10th.

Webster Financial has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Webster Financial to earn $7.23 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 22.1%.

Webster Financial Stock Performance

Webster Financial stock opened at $75.86 on Thursday. Webster Financial has a fifty-two week low of $52.69 and a fifty-two week high of $77.69. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 12.34 and a beta of 1.00. The stock has a fifty day moving average of $74.87 and a two-hundred day moving average of $71.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share 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 during the quarter, compared to analyst estimates of $755.80 million. During the same period in the prior year, the firm earned $1.52 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that Webster Financial will post 6.55 EPS for the current fiscal year.

Webster Financial Company Profile

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.