Webster Finl's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Webster Financial Corporation (NYSE:WBS) will pay a quarterly dividend of $0.40 per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on February 16, 2024. The stock is expected to open $0.40 lower on the ex-dividend date.
January 30, 2024 | 2:45 pm
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Webster Financial Corporation will pay a $0.40 quarterly dividend per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of WBS is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This anticipated drop is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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