WBS.PRG

Webster Financial's Preferred Stock Series G Shares Cross 7.5% Yield Mark

In trading on Monday, shares of Webster Financial Corp's 6.50% Non-Cumulative Perpetual Preferred Stock Series G (Symbol: WBS.PRG) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $21.57 on the day. This compares to an average yield of 6.94% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, WBS.PRG was trading at a 11.32% discount to its liquidation preference amount, versus the average discount of 12.68% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of WBS.PRG shares, versus WBS:

Performance Comparison Chart

Below is a dividend history chart for WBS.PRG, showing historical dividend payments on Webster Financial Corp's 6.50% Non-Cumulative Perpetual Preferred Stock Series G:

WBS.PRG+Dividend+History+Chart

In Monday trading, Webster Financial Corp's 6.50% Non-Cumulative Perpetual Preferred Stock Series G (Symbol: WBS.PRG) is currently off about 2.7% on the day, while the common shares (Symbol: WBS) are up about 0.7%.

Also see:
• Semiconductors Dividend Stocks
• QPAC Historical Stock Prices
• SMP Insider Buying

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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