Webster Financial (WBS) Tops Q1 EPS by 25c
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Go back to Webster Financial (WBS) Tops Q1 EPS by 25c
April 21, 2021 5:18 PM EDT
Webster Financial (NYSE: WBS) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.
The dividend will be payable on May 19, 2021, to stockholders of record on May 5, 2021, with an ex-dividend date of May 4, 2021.
The annual yield on the dividend is 3.1 percent.
For... More
April 19, 2021 6:50 AM EDT
Webster Financial Corporation (NYSE: WBS) ("Webster") and Sterling Bancorp (NYSE: STL) ("Sterling") jointly announced today that their boards of directors have approved by unanimous vote a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total market value of approximately $10.3 billion.
Under the terms of the agreement, Sterling will merge into Webster, and Sterling's shareholders will receive a fixed exchange ratio of 0.463 of a Webster share for each share of Sterling stock they own. Following the closing of the... More
