WesBanco, Inc. announced that its Board of Directors has approved a 2.8% increase in the quarterly cash dividend for common shareholders. The dividend will rise to $0.37 per common share from the previous $0.36 per common share.
This marks the eighteenth increase in the quarterly dividend since 2010, representing a cumulative increase of 164% over that period. The higher dividend rate is payable on January 2, 2025, to shareholders of record on December 6, 2024.
The Board's decision to increase the dividend reflects WesBanco's strong capital position and net income. The new annualized cash dividend rate is $1.48 per common share.
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