dividend
confidence high
sentiment positive
materiality 0.30
WesBanco increases quarterly dividend 2.8% to $0.37/share
WESBANCO INC
- Quarterly cash dividend raised to $0.37 per common share from $0.36, a 2.8% increase.
- Dividend payable January 2, 2025 to shareholders of record December 6, 2024.
- Annualized dividend rate of $1.48 per share; yield of ~4.2% based on Nov 19 close of $35.26.
- 18th quarterly dividend increase since 2010, cumulative increase of 164% over that period.
- Board cited strong capital position and net income as basis for increase.