WHEELING, W.Va., Aug. 23, 2012 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC) today announced an increase in the quarterly cash dividend rate to be paid to its shareholders to $0.18 per common share from the previous quarterly dividend rate of $0.17 per common share, or a 5.9% increase. The increased dividend will be payable on October 1, 2012 to shareholders of record on September 7, 2012. This is the second increase in the quarterly dividend rate this year and represents an annualized 12.5% increase in WesBanco's dividend during 2012.
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 $0.72 per common share.
WesBanco, Inc. is a multi-state bank holding company of $5.5 billion in total assets providing banking services through 112 locations and 104 ATMs in West Virginia, Ohio and Pennsylvania. 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts