On 2/27/14, 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 3/17/14. As a percentage of WBS.PRE's recent share price of $24.05, this dividend works out to approximately 1.66%, so look for shares of WBS.PRE to trade 1.66% lower — all else being equal — when WBS.PRE shares open for trading on 2/27/14. On an annualized basis, the current yield is approximately 6.76%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Webster Financial Corp's Series E Non-Cumulative Perpetual Preferred Stock
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