Webster Financial Corporation 5.25% Series F Non-Cumulative Perpetual Preferred Stock
By: Tim McPartland,
Date Issued 12/5/2017
Shares Issued 6,000,000 Overallotment Shares None
S&P Rating BB- Moodys Rating Baa2
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Security Ticker Symbol WBS-F
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2018
Quarterly Dividend .328 Annual Dividend 1.312
Securities may be redeemed, at the issuers option, as early as 12/15/2022 for a redemption price of $25/share plus accrued dividends
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Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for Webster Financial Corp
Click here to find the offering Prospectus and Final Pricing Document
Tim McPartland
Connect with Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
