Webster Financial's Series E Preferred Stock Crosses Above 6.5% Yield Territory
August 28, 2014 at 14:18 PM EDT
In trading on Thursday, shares of Webster Financial Corp's 6.40% Series E Non-Cumulative Perpetual Preferred Stock (WBS. RE) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.60), with shares changing hands as low as $24.54 on the day.