WBS-F Webster Financial ADRs of 5.25% Series F Non-Cumulative Preferred

We will pay dividends on the Series F Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of the board. Dividends will accrue and be payable from the date of issuance at a rate of 5.25% per annum, payable quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 2018. Dividends on the Series F Preferred Stock will not be cumulative and will not be mandatory. We may redeem the Series F Preferred Stock at our option, in whole or in part, on December 15, 2022, or any dividend payment date thereafter, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends.   This security was issued by Webster Financial Corp, whose common stock symbol is WBS.

$16.93  +0.28 (1.69%)
As of 03/27/2023 11:37:26 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  12/05/2017
Outstanding shares:  6,000,000
Average volume:  19,007
Market cap:   $130,620,000
Current dividend yield:  6.03%    calculation
Coupon rate:    5.250%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   12/15/2022
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BF1Q6V4