Webster Financial Series F Preferred Shares Break 5% Yield Bar


IDuring Tuesday’s trading, shares of Webster Financial Corp. 5.25% Series F Non-Cumulative Perpetual Preferred Stock (ticker: WBS.PRF) yielded above the 5% mark based on its quarterly dividend (annualized at $ 1.3125), with stocks changing hands as of as low as $ 26.15 a day. This compares to an average return of 5.21% in the “Financial” preferred share category, according to Favorite Stock Channel. At the last close, WBS.PRF was trading at a premium of 5.76% over the amount of its liquidation preference, against an average premium of 7.28% in the “Financial” category. Investors should keep in mind that shares are not cumulative, which means that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming an ordinary dividend.

Below is a dividend history chart for WBS.PRF, showing historical dividend payouts on Webster Financial Corp’s 5.25% Non-Cumulative Perpetual Preferred Shares Series F:

WBS.PRF + Dividend + History + Graph

Free Report: Top 7% + Dividends (paid monthly)

In Tuesday’s trading, Webster Financial Corp’s 5.25% non-cumulative perpetual preferred stock Series F (ticker: WBS.PRF) is currently down about 0.5% on the day, while the Common shares (ticker: WBS) are down about 1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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