WesBanco Declares Increase in Quarterly Cash Dividend to Its Shareholders

Core Viewpoint - WesBanco, Inc. has announced a 2.8% increase in its quarterly cash dividend, reflecting the company's strong financial performance and commitment to returning value to shareholders [1][2]. Group 1: Dividend Announcement - The quarterly cash dividend has been increased to $0.37 per common share from $0.36 per common share [1]. - This marks the eighteenth increase in the quarterly dividend since 2010, resulting in a cumulative increase of 164% over that period [1]. Group 2: Financial Performance - The new cash dividend represents an annualized cash dividend rate of $1.48 per common share [2]. - Based on the closing stock price of $35.26, the new dividend yields approximately 4.2% [2]. Group 3: Company Overview - WesBanco, Inc. has over 150 years of experience as a community-focused financial services provider [3]. - The company has total assets of $18.5 billion, with $6.1 billion in assets under management in its Trust and Investment Services [3]. - Securities account values, including annuities, amount to $1.9 billion through its broker/dealer as of September 30, 2024 [3].