Feb. 24, 2011
/PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC) today announced an increase in the quarterly cash dividend rate to be paid to its shareholders to
per common share from the previous quarterly dividend rate of
per common share, or a 7.1% increase. The increased dividend will be payable on
April 1, 2011
to shareholders of record on
March 11, 2011
The WesBanco Board of Directors approved this most recent cash dividend increase based in part on the Company's recent strong earnings achievements, as well as WesBanco's strong capital position. The cash dividend increase represents an annualized cash dividend of
per common share.
WesBanco, Inc. is a multi-state bank holding company of
in total assets providing banking services through 112 locations and 132 ATMs in
. WesBanco's banking subsidiary is WesBanco Bank, Inc., headquartered in
Wheeling, West Virginia
. WesBanco also operates an insurance brokerage company, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.
SOURCE WesBanco, Inc.