Webster Financial Corp's Series E Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket

On 8/28/14, 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 9/15/14. As a percentage of WBS.PRE's recent share price of $25.07, this dividend works out to approximately 1.60%, so look for shares of WBS.PRE to trade 1.60% lower — all else being equal — when WBS.PRE shares open for trading on 8/28/14. On an annualized basis, the current yield is approximately 6.43%, which co...