WesBanco Inc. Offers Attractive Dividend Yield Above 4%
Investors look for dividends that enhance returns, and WesBanco Inc. is catching attention with its recent performance.
On Wednesday, shares of WesBanco Inc (Symbol: WSBC) were yielding more than 4% based on its quarterly dividend, which is annualized to $1.48. The stock traded as low as $36.16 during the day. Historically, dividends have played a significant role in stock market returns. For example, if you bought shares of the iShares Russell 3000 ETF (IWV) on May 31, 2000, you would have paid $78.27 per share. Fast forward to May 31, 2012, and those shares would be worth $77.79, reflecting a decrease of $0.48 or 0.6% over twelve years. However, you would have also earned $10.77 per share in dividends during that period, bringing your total return to about 13.15%. Even after reinvesting dividends, the average annual total return worked out to just about 1.0%. Therefore, a sustainable yield above 4% from a stock like WesBanco appears to be particularly appealing. WesBanco is a member of the Russell 3000, ranking as one of the top 3,000 companies on U.S. stock markets.
Dividend payments can be unpredictable, often fluctuating with each company’s profit levels. For WesBanco Inc, a review of the historical chart for WSBC below could be useful in assessing whether the current dividend will continue, and if a 4% annual yield is attainable.
Free Report: Top 8%+ Dividends (paid monthly)
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
