From Earlier: Webster Financial Corporation Increases Common Dividend by $0.05 to $0.10

Webster Financial Corporation

, the holding company for Webster Bank, N.A., announced yesterday that its Board of Directors had declared a quarterly cash dividend of $.10 on its common stock, an increase from the previous $.05 per share. James C. Smith, chairman and chief executive officer, said, "Based our solid results, the Board is pleased to announce a meaningful increase in the cash dividend." Webster recently reported earnings of $38.3 million, or $.42 per diluted share, for the quarter ended March 31, 2012. The dividend on the common shares will be payable on May 21, 2012, to shareholders of record on May 7, 2012. Webster also declared a regular quarterly cash dividend of $21.25 per share on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock, payable on June 15, 2012, to shareholders of record on June 1, 2012.