Webster Financial Co. (NYSE:WBS) announced a quarterly dividend on Monday, April 22nd, RTT News reports. Investors of record on Monday, May 6th will be paid a dividend of 0.40 per share by the financial services provider on Monday, May 20th. This represents a $1.60 annualized dividend and a yield of 3.10%. This is an increase from Webster Financial’s previous quarterly dividend of $0.33.

Webster Financial has increased its dividend by an average of 12.0% per year over the last three years and has raised its dividend every year for the last 8 years. Webster Financial has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Webster Financial to earn $4.32 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 30.6%.

Shares of WBS stock opened at $51.60 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.83 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $4.77 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.56 and a beta of 1.19. Webster Financial has a one year low of $45.38 and a one year high of $69.63.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The business had revenue of $310.20 million for the quarter, compared to analyst estimates of $310.46 million. Webster Financial had a return on equity of 13.77% and a net margin of 27.57%. Webster Financial’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Research analysts expect that Webster Financial will post 4.14 earnings per share for the current fiscal year.

Several analysts recently commented on WBS shares. Zacks Investment Research raised Webster Financial from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, March 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a research note on Thursday, January 24th. ValuEngine raised Webster Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Barclays decreased their price target on Webster Financial from $68.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Webster Financial presently has an average rating of “Hold” and an average price target of $62.67.

In other Webster Financial news, Director James Copenhaver Smith sold 55,000 shares of Webster Financial stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $55.06, for a total value of $3,028,300.00. Following the completion of the transaction, the director now owns 310,984 shares in the company, valued at approximately $17,122,779.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Joseph Crawford sold 1,207 shares of Webster Financial stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $55.85, for a total value of $67,410.95. Following the completion of the transaction, the director now owns 18,008 shares of the company’s stock, valued at approximately $1,005,746.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,066 shares of company stock valued at $5,569,345. Corporate insiders own 1.53% of the company’s stock.

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Webster Financial Company Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.

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Dividend History for Webster Financial (NYSE:WBS)

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