WesBanco Boosts Quarterly Cash Dividend 10%

(RTTNews) - WesBanco, Inc. (WSBC) said Thursday that its Board of Directors had approved a 10% increase in the quarterly cash dividend to $0.22 per common share from the previous quarterly dividend of $0.20 per common share.  

The higher dividend rate will be payable on April 1 to shareholders of record on March 14. 

This is the seventh increase in the quarterly dividend rate over the past four years and represents a total 57.1% increase in WesBanco's dividend over that time frame.

WesBanco said its board approved the most recent cash dividend increase based in part on the company's strong earnings achieved in 2013, as well as its strong and improving capital and liquidity position.