Waterbury regional giant Webster Bank is preparing to pay $1.9 million in dividends to its common and preferred stockholders
The board of the bank’s parent, Webster Financial Corp., declared a regular quarterly cash dividend of 1 cent for each share of common stock totaling $688,000, to be paid on Nov. 16 to shareholders of record on Nov. 2.
Holders of its Series A noncumulative perpetual convertible preferred as of Dec. 1 will collect $21.25 for each share for a total of $1.2 million on Dec. 15, the bank said.
That’s on top of the $5 million in quarterly dividends to the federal treasury for its $400 million TARP investment in the bank last December, the bank said.
Last week, Wall Street investor Warburg Pincus completed its previously announced $115 million equity stake in the $17.5 billion-asset bank.
