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Ex-Div Reminder for Webster Financial Corp's Series E Non-Cumulative Perpetual Preferred Stock

On 11/27/15, Webster Financial Corp's 6.40% Series E Non-Cumulative Perpetual Preferred Stock (Symbol: WBS.PRE) will trade ex-dividend, for its quarterly dividend of $0.40, payable on 12/15/15. As a percentage of WBS.PRE's recent share price of $26.32, this dividend works out to approximately 1.52%, so look for shares of WBS.PRE to trade 1.52% lower - all else being equal - when WBS.PRE shares open for trading on 11/27/15. On an annualized basis, the current yield is approximately 6.11%, which compares to an average yield of 5.68% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of WBS.PRE shares, versus WBS:

Performance Comparison Chart

Below is a dividend history chart for WBS.PRE, showing historical dividends prior to the most recent $0.40 on Webster Financial Corp's 6.40% Series E Non-Cumulative Perpetual Preferred Stock :

WBS.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Webster Financial Corp (Symbol: WBS) makes up 1.95% of the PowerShares KBW Regional Banking Portfolio ETF ( KBWR ) which is trading lower by about 0.2% on the day Wednesday.

In Wednesday trading, Webster Financial Corp's 6.40% Series E Non-Cumulative Perpetual Preferred Stock (Symbol: WBS.PRE) is currently up about 0.5% on the day, while the common shares (Symbol: WBS) are up about 0.6%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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