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

NEW YORK (TheStreet) -- The ex-dividend date for Webster Financial (NYSE:WBS) is tomorrow, February 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $21.36 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Webster Financial has been 514,400 shares per day over the past 30 days. Webster Financial has a market cap of $1.88 billion and is part of the financial sector and banking industry. Shares are up 4% 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. The company has a P/E ratio of 13.4, below the average banking industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Webster Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Webster Financial Ratings Report.

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