WATERBURY, Conn., Oct. 21 /PRNewswire/ -- Webster Financial Corporation
(Nasdaq: WBST) announced today that it has declared a regular quarterly cash
dividend of $.11 per common share.
The dividend is payable on Nov. 16, 1998, to shareholders of record on
Nov. 2, 1998.
This is the 45th consecutive quarterly dividend since Webster first paid a
dividend in 1987. Webster increased its dividend for the first quarter from
$.10 to $.11 per common share. Webster also declared a two-for-one stock
split in April.
Webster Financial Corporation, headquartered in Waterbury, Conn., is the
holding company for Webster Bank, which was founded in 1935. Webster delivers
consumer, commercial, mortgage, insurance, and trust and investment management
services to individuals, families and businesses. Webster has $9.2 billion in
assets and operates through a network of more than 100 banking offices, three
commercial banking centers, two insurance offices, and more than 160 ATMs, in
addition to telephone banking, video banking and PC banking.
Webster Bank has the number one or number two deposit market share in its
primary markets of Hartford, New Haven and Litchfield counties. Webster is
also the second-largest mortgage lender in Connecticut and a leading, full-
service commercial lender. Webster Trust, the bank's trust and investment
management subsidiary, is the second-largest bank trust company based in
Connecticut.