Wesbanco, Inc. Announces Quarterly Cash Dividend, Payable on January 2, 2024
November 15, 2023 at 04:42 pm EST
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Wesbanco, Inc. announced an increase in the quarterly cash dividend rate to be paid to its shareholders to $0.36 per common share from the previous quarterly dividend rate of $0.35 per common share, or a 2.9% increase. The increased dividend will be payable on January 2, 2024 to shareholders of record on December 8, 2023.
Wesbanco, Inc. is a bank holding company and a financial holding company. The Company offers a full range of financial services, including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance. The Company has two segments: community banking and trust and investment services. The community banking segment offers services traditionally offered by full-service commercial banks, including commercial demand, individual demand and time deposit accounts, as well as commercial, mortgage and individual installment loans, and certain non-traditional offerings, such as insurance and securities brokerage services. The trust and investment services segment offers trust services as well as various alternative investment products including mutual funds. Its banking subsidiary, Wesbanco Bank, Inc., operates more than 190 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania and West Virginia.