WHEELING, W.Va., Nov. 20,
2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a
diversified, multi-state bank holding company, announced today that
its Board of Directors has approved a 2.8% increase in the
quarterly cash dividend to $0.37 per
common share from the previous quarterly dividend of $0.36 per common share. The higher dividend
rate will be payable on January 2,
2025 to shareholders of record on December 6, 2024. This is the eighteenth
increase in the quarterly dividend since 2010 and represents a
cumulative increase of 164% over that period.
The WesBanco Board of Directors approved this most recent cash
dividend increase based in part on the Company's strong capital
position and net income. The new cash dividend represents an
annualized cash dividend rate of $1.48 per common share. Based upon
yesterday's closing common stock price of $35.26, the new dividend equates to a yield of
approximately 4.2%.
About WesBanco, Inc.
With over 150 years as a community-focused, regional financial
services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries
build lasting prosperity through relationships and solutions that
empower our customers for success in their financial journeys.
Customers across our eight-state footprint choose WesBanco for the
comprehensive range and personalized delivery of our retail and
commercial banking solutions, as well as trust, brokerage, wealth
management and insurance services, all designed to advance their
financial goals. Through the strength of our teams, we leverage
large bank capabilities and local focus to help make every
community we serve a better place for people and businesses to
thrive. Headquartered in Wheeling, West
Virginia, WesBanco has $18.5
billion in total assets, with our Trust and Investment
Services holding $6.1 billion of
assets under management and securities account values (including
annuities) of $1.9 billion through
our broker/dealer, as of September 30,
2024. Learn more at www.wesbanco.com and follow @WesBanco on
Facebook, LinkedIn and Instagram.
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SOURCE WesBanco, Inc.