Webster Financial Stock To Go Ex-dividend Tomorrow (WBS)

NEW YORK (TheStreet) -- The ex-dividend date for Webster Financial Corporation (NYSE:WBS) is tomorrow, August 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $20.05 as of 10:03 a.m. ET, the dividend yield is 1%.

The average volume for Webster Financial has been 534,100 shares per day over the past 30 days. Webster Financial has a market cap of $1.8 billion and is part of the financial sector and banking industry. Shares are up 2.7% year to date as of the close of trading on Tuesday.

Webster Financial Corporation operates as the holding company for the Webster Bank that provides various banking and financial products and services in southern New England and eastern New York State. The company has a P/E ratio of 16.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Webster Financial as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Webster Financial Ratings Report.

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