On 11/27/13, Webster Financial Corp's 6.40% Series E Non-Cumulative Perpetual Preferred Stock (WBS.PRE) will trade ex-dividend, for its quarterly dividend of $0.40, payable on 12/16/13. As a percentage of WBS.PRE's recent share price of $22.73, this dividend works out to approximately 1.76%, so look for shares of WBS.PRE to trade 1.76% lower — all else being equal — when WBS.PRE shares open for trading on 11/27/13. On an annualized basis, the current yield is approximately 7.06%, which compares to an average yield of 5.97% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Webster Financial Corp's Series E Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket
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