Key Developments: Webster Financial Corp (WBS)
23.64USD
17 May 2013
$0.15 (+0.64%)
$23.49
$23.68
$23.75
$23.46
1,558,679
621,370
$24.98
$18.88
Latest Key Developments (Source: Significant Developments)
Webster Financial Corp Announces Revised Record Date For Series E Preferred Stock Dividend
Webster Financial Corp announced that its Board of Directors had revised the record date for the recently announced quarterly dividend on its Series E Preferred Stock to June 3, 2013 (from June 1, 2013) as a result of recent New York Stock Exchange rule changes restricting electronic filings on non-business days. Full Article
Webster Financial Corp Increases Common Dividend
Webster Financial Corp announced that its Board of Directors had declared a quarterly cash dividend of $.15 on its common stock, an increase from the previous $.10 per share. The dividend on the common shares will be payable on May 20, 2013, to shareholders of record on May 6, 2013. The Company also declared a regular quarterly cash dividend of $21.25 per share on its Series A Convertible Preferred Stock, payable on June 17, 2013, to shareholders of record on June 1, 2013. On its Series E Preferred Stock, The Company declared a quarterly cash dividend of $400.00 per share ($0.40 per each depositary share, 1,000 of which represent one share of Series E preferred stock), payable on June 17, 2013, to shareholders of record on June 1, 2013. Full Article
Webster Financial Corp Declares Dividend
Webster Financial Corp announced that Board of Directors had declared a quarterly cash dividend of $0.10 on common stock. The dividend on the common shares will be payable on February 26, 2013, to shareholders of record on February 12, 2013. The Company also declared a regular quarterly cash dividend of $21.25 per share on Series A Convertible Preferred Stock, payable on March 15, 2013, to shareholders of record on March 1, 2013. Full Article
Webster Financial Corp Announces Secondary Offering And Authorization Of $100 Million Share Repurchase Program
Webster Financial Corp announced that Warburg Pincus Private Equity X, L.P. and one of its affiliates (Warburg Pincus) intend to offer for sale in an underwritten secondary offering 10,000,000 shares of Webster's common stock pursuant to Webster's shelf registration statement filed with the Securities and Exchange Commission (the SEC). Warburg Pincus will receive all of the proceeds from this offering. No shares of common stock are being sold by Webster. Barclays is acting as sole underwriter for the common stock offering. Additionally, Webster announced that its Board of Directors has authorized a $100 million common stock repurchase program under which shares may be repurchased from time to time in open market or privately negotiated transactions, subject to market conditions and other factors. In connection with the common stock repurchase program, Webster will purchase approximately 2,500,000 shares of its common stock in the offering at a price per share equal to the price per share being paid by the underwriter to Warburg Pincus in the offering. Full Article
Webster Financial Corp. Declares Common Dividend
Webster Financial Corp. announced that its Board of Directors declared a quarterly cash dividend of $.10 on its common stock. The dividend on the common shares will be payable on August 20, 2012, to shareholders of record on August 6, 2012. Webster also declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock, payable on September 17, 2012, to shareholders of record on September 1, 2012. Full Article
Webster Financial Corp. Increases Common Dividend
Webster Financial Corp. announced that its Board of Directors had declared a quarterly cash dividend of $0.10 on its common stock, an increase from the previous $0.05 per share. The dividend on the common shares will be payable on May 21, 2012, to shareholders of record on May 7, 2012. Webster also declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock, payable on June 15, 2012, to shareholders of record on June 1, 2012. Full Article
Webster Financial Corp. Declares Common Dividend
Webster Financial Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.05 on its common stock. The dividend on the common shares will be payable on February 21, 2012 , to shareholders of record on February 6, 2012 . Webster also declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock, payable on March 15, 2012 , to shareholders of record on March 1, 2012 . Full Article
Fitch Affirms Webster Financial Corp.'s Ratings
Fitch Ratings announced that it has affirmed the long- and short-term ratings of Webster Financial Corporation (WBS, or Webster) and its subsidiaries. The affirmation is supported by WBS' improving profitability trends, manageable credit losses and adequate regulatory capital ratios. Conversely, ratings are constrained by elevated levels of non-performing assets (NPAs) and troubled debt restructurings (TDRs), as well as Webster's exposure to home equity loans. The Stable Outlook reflects Fitch's view that WBS' asset measures will continue to improve over the coming quarters and credit losses will remain moderate. Given WBS's risk profile and capitalization, Fitch believes the ratings are well situated at the current level. Full Article
Webster Financial Corp. Declares Common Dividend
Webster Financial Corp. announced that its Board of Directors had declared a quarterly cash dividend of $.05 on its common stock. The dividend on the common shares will be payable on November 21, 2011, to shareholders of record on November 7, 2011. Webster also declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock, payable on December 15, 2011, to shareholders of record on December 1, 2011. Full Article
Webster Financial Corp. Declares Common And Preferred Dividend
Webster Financial Corp. announced that its Board of Directors had declared a quarterly cash dividend of $.05 on its common stock. The dividend on the common shares will be payable on August 22, 2011, to shareholders of record on August 8, 2011. Webster also declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock, payable on September 15, 2011, to shareholders of record on September 1, 2011. Full Article
TEXT-Fitch Affirms Webster Financial Corp.'s IDRs at 'BBB/F2' Following Mid-Tier Regional Peer Review
NEW YORK, February 14 (Fitch) Fitch Ratings has affirmed the long-term and short-term Issuer Default Ratings (IDRs) of Webster Financial Corporation and its subsidiaries at 'BBB/F2'. The Outlook remains Stable. A full list of ratings follows at the end of this release.
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