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

Webster Financial Corporation (NYSE:WBS) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, May 11th will be given a dividend of 0.40 per share by the financial services provider on Thursday, May 21st. This represents a c) annualized dividend 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 $7.27 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 22.0%.

Webster Financial Stock Up 0.2%

WBS opened at $72.86 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. Webster Financial has a 1-year low of $49.50 and a 1-year high of $74.00. The company has a market capitalization of $11.81 billion, a PE ratio of 11.93 and a beta of 1.02. The firm’s 50 day simple moving average is $70.54 and its two-hundred day simple moving average is $65.76.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.04. The business had revenue of $764.05 million for the quarter, compared to the consensus estimate of $735.26 million. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. As a group, equities analysts forecast 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.