Cash Dividend On The Way From Webster Financial Corp's Series E Non-Cumulative Perpetual Preferred Stock

On 5/29/13, Webster Financial Corp's 6.40% Series E Non-Cumulative Perpetual Preferred Stock (NYSE: WBS.PRE) will trade ex-dividend, for its quarterly dividend of $0.40, payable on 6/17/13. As a percentage of WBS.PRE's recent share price of $26.36, this dividend works out to approximately 1.52%, so look for shares of WBS.PRE to trade 1.52% lower -- all else being equal -- when WBS.PRE shares open for trading on 5/29/13. On an annualized basis, the current yield is approximately 6.06%, which comp...