WSBCP WesBanco, Inc. ADRs of 6.75% Fixed-Rate Reset Non-Cumulative Preferred, Series A
Holders of Series A Preferred Stock will be entitled to receive dividend payments only when, as and if declared by our board of directors and to the extent that we have legally available funds to pay dividends. Any such dividends will be payable (i) from the date of original issue to, but excluding, November 15, 2025 at a rate equal to 6.75% per annum, in arrears on each of February 15, May 15, August 15 and November 15, commencing November 15, 2020, and (ii) from and including, November 15, 2025, during each reset period, at a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus 6.557% in arrears on each of February 15, May 15, August 15 and November 15 of each year, beginning on November 15, 2025. We may, at our option and subject to any required regulatory approvals, redeem the Series A Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after November 15, 2025 or (ii) in whole, but not in part, at any time within 90 days following a “regulatory capital treatment event,” in each case at a redemption price equal to $25 per depositary share, plus any declared and unpaid dividends. This security was issued by Wesbanco Inc, whose common stock symbol is WSBC.
$22.03 -0.37 (-1.65%)
As of 03/27/2023 09:52:45 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Banks-Regional
Index country: USA
Country of incorporation: USA
IPO date: 08/05/2020
Outstanding shares: 6,000,000
Average volume: 23,232
Market cap: $133,200,000
Current dividend yield: 7.60% calculation
Initial coupon rate: 6.750%
Cumulative: No
Liquidation value: $25.00
Callable after: 11/15/2025
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: BMF3M89