Webster Financial (WBS) Raises Quarterly Dividend 15% to $0.23; 2.6% Yield

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Webster Financial Corporation Increases Common Dividend

April 20, 2015 4:30 PM EDT

WATERBURY, Conn., April 20, 2015 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that its Board of Directors declared its quarterly cash dividend of $.23 on its common stock, an increase of $.03 from the previous $.20 per share.

James C. Smith, chairman and CEO, said, "In light of Webster's continued solid financial performance and strong capital position, the Board of Directors... More