Webster Financial's Preferred Stock Series G Crosses Above 7% Yield Territory
Neutral
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In trading on Monday, shares of Webster Financial Corp's 6.50% Non-Cumulative Perpetual Preferred Stock Series G (Symbol: WBS.PRG) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $22.95 on the day. T
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