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

NEW YORK ( TheStreet) -- The ex-dividend date for Webster Financial (NYSE: WBS) is tomorrow, May 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.40 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Webster Financial has been 586,200 shares per day over the past 30 days. Webster Financial has a market cap of $1.99 billion and is part of the financial sector and banking industry. Shares are up 10.8% 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 12.8, below the average banking industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

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, increase in net income, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Webster Financial Ratings Report.

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