Webster Financial's last quarterly dividend was on May 3, 2024 (ex-date) with a distribution of $0.4 per share. On an annualized basis, the company has a current payout of $1.6 per share. This brings the dividend yield to 3.29% based on its recent close price.
WBS has a dividend yield of 3.29% which is higher than the Financial Services sector and the industry average but lower than its peers average. In comparison with the Financial Services sector average of 2.85%, Webster Financial's dividend yield is 15% higher. The historical 5-year average of WBS's dividend yield is 3.7%, which is higher than the current one.
Webster Financial has been paying dividends since 1994. WBS has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. But with the stock price up by 6% from a year ago, the dividend yield marks a decrease of 6%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 3, 2024 | May 16, 2024 | Apr 24, 2024 | $0.4 | normal |
| Feb 2, 2024 | Feb 16, 2024 | Jan 24, 2024 | $0.4 | normal |
| Nov 2, 2023 | Nov 13, 2023 | Oct 24, 2023 | $0.4 | normal |
| Aug 1, 2023 | Aug 16, 2023 | Jul 19, 2023 | $0.4 | normal |
| May 5, 2023 | May 22, 2023 | Apr 26, 2023 | $0.4 | normal |
| Feb 3, 2023 | Feb 17, 2023 | Jan 25, 2023 | $0.4 | normal |
| Nov 3, 2022 | Nov 14, 2022 | Oct 25, 2022 | $0.4 | normal |
| Aug 1, 2022 | Aug 17, 2022 | Jul 18, 2022 | $0.4 | normal |
| May 11, 2022 | May 27, 2022 | $0.4 | normal | |
| Jan 27, 2022 | Feb 11, 2022 | Jan 18, 2022 | $0.4 | normal |
| Nov 8, 2021 | Nov 23, 2021 | Oct 26, 2021 | $0.4 | normal |
| Aug 2, 2021 | Aug 17, 2021 | Jul 19, 2021 | $0.4 | normal |
| May 4, 2021 | May 19, 2021 | Apr 21, 2021 | $0.4 | normal |
| Feb 8, 2021 | Feb 23, 2021 | Jan 26, 2021 | $0.4 | normal |
| Nov 9, 2020 | Nov 24, 2020 | Oct 27, 2020 | $0.4 | normal |
| Aug 4, 2020 | Aug 19, 2020 | Jul 21, 2020 | $0.4 | normal |
| May 5, 2020 | May 20, 2020 | Apr 21, 2020 | $0.4 | normal |
| Feb 10, 2020 | Feb 25, 2020 | Jan 28, 2020 | $0.4 | normal |
| Nov 8, 2019 | Nov 26, 2019 | Oct 29, 2019 | $0.4 | normal |
| Aug 2, 2019 | Aug 19, 2019 | Jul 22, 2019 | $0.4 | normal |
| May 3, 2019 | May 20, 2019 | Apr 22, 2019 | $0.4 | normal |
| Feb 11, 2019 | Feb 26, 2019 | Jan 29, 2019 | $0.33 | normal |
| Nov 5, 2018 | Nov 20, 2018 | Oct 23, 2018 | $0.33 | normal |
| Aug 3, 2018 | Aug 20, 2018 | Jul 23, 2018 | $0.33 | normal |
| May 4, 2018 | May 21, 2018 | Apr 23, 2018 | $0.33 | normal |
| Feb 12, 2018 | Feb 27, 2018 | Jan 30, 2018 | $0.26 | normal |
| Nov 6, 2017 | Nov 21, 2017 | Oct 24, 2017 | $0.26 | normal |
| Aug 3, 2017 | Aug 21, 2017 | Jul 24, 2017 | $0.26 | normal |
| May 4, 2017 | May 22, 2017 | Apr 24, 2017 | $0.26 | normal |
| Feb 10, 2017 | Feb 28, 2017 | Jan 31, 2017 | $0.25 | normal |
| Nov 4, 2016 | Nov 22, 2016 | Oct 25, 2016 | $0.25 | normal |
| Aug 4, 2016 | Aug 22, 2016 | Jul 25, 2016 | $0.25 | normal |
| May 5, 2016 | May 23, 2016 | Apr 25, 2016 | $0.25 | normal |
WBS has a payout ratio of 32.7% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 41.2%, Webster Financial's payout ratio is 21% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WASH Washington Trust Bancorp Inc | 6.86% | $2.24 | 82.7% |
| BRKL Brookline Bancorp Inc | 5.14% | $0.54 | 58.1% |
| FNLC First Bancorp Inc | 4.79% | $1.41 | 56.4% |
| CAC Camden National Corp | 4.14% | $1.68 | 55.6% |
| INDB Independent Bank Corp | 3.49% | $2.24 | 43.2% |
| WBS Webster Financial Corp | 3.25% | $1.6 | 32.7% |
| BWFG Bankwell Financial Group Inc | 2.95% | $0.8 | 20.8% |
Yes, Webster Financial has been paying dividends for the last 30 years.
WBS's next dividend date is Jul 29, 2024 (ex-date).
Webster Financial's last regular dividend was on May 3, 2024 (ex-date) with the amount of $0.4 per share.
WBS's annualized dividend per share is $1.6.
The current dividend yield of Webster Financial is 3.29%.
Webster Financial has a quarterly dividend frequency.
The dividend payout ratio of Webster Financial is 32.7%.
Webster Financial's dividend yield is higher than the Financial Services sector average.