WesBanco Inc. Offers Attractive Dividend Yield Exceeding 4%
Investors Eye Dividend Potential Amid Market Volatility
On Tuesday, WesBanco Inc (Symbol: WSBC) caught investors’ attention as its shares offered a yield surpassing the 4% threshold, based on a quarterly dividend of $1.44. During trading, the stock price dipped to as low as $35.96. Dividends play a significant role in total stock market returns, evidenced by historical performance. For instance, if you had invested in the iShares Russell 3000 ETF (IWV) on May 31, 2000, the share price would have been $78.27. By May 31, 2012, the value had declined to $77.79, reflecting a slight loss of $0.48, or 0.6%, over a 12-year span. However, during this period, investors would have received $10.77 per share in dividends, boosting the total return to an impressive 13.15%. When considering averages, even with reinvested dividends, the annual total return was about 1.0%. Hence, a sustainable yield above 4% from WesBanco could seem fairly appealing.
As a member of the Russell 3000, WesBanco holds a prominent position among the top 3000 companies in the U.S. stock markets. While dividends are not always consistent due to fluctuating profitability, reviewing the dividend history of WSBC can provide valuable insight into whether the latest dividend payout is sustainable and if a 4% annual yield is within reach.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
