James C. Smith, chairman and CEO, said, "Given the growth and quality of earnings and Webster’s strong capital base, the Board of Directors is pleased to increase the dividend on our common shares by five cents per share."
The dividend on the common shares will be payable on May 20, 2013, to shareholders of record on May 6, 2013.
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Webster 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, Webster 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.
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