Webster Financial's Series E Preferred Stock Crosses Above 6% Yield Territory
August 08, 2016 at 14:24 PM EDT
In trading on Monday, shares of Webster Financial Corp's 6.40% Series E Non-Cumulative Perpetual Preferred Stock (WBS. RE) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.60), with shares changing hands as low as $26.52 on the day.