Webster Finl's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Webster Financial Corporation (NYSE:WBS) has announced a quarterly dividend of 40 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 40 cents lower to reflect the payout. Shareholders who own WBS as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 13, 2023.
October 30, 2023 | 2:45 pm
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Webster Financial's announcement of a 40 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not necessarily a negative indicator.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. However, this is a normal part of the dividend process and does not necessarily indicate a negative outlook for the stock. Investors who hold the stock through the ex-dividend date will receive the dividend, which they can choose to reinvest or use in another way.
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