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Webster Reports 1999 Results
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Business New Haven
2/7/2000
By: Kristine Hansen
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WATERBURY - Webster Financial Corp. (NASDAQ: WBST) reported interest income of $645.8 million for the year ended December 31, versus $682.2 million for 1998. It also announced net income of $95.4 million ($2.10 per diluted share after acquisition and other charges), versus $78.0 million ($1.69 per diluted share) for 1998.
Webster also announced an increase in its regular quarterly cash dividend from 12 cents to 14 cents per common share, payable February 15 for shareholders of record February 1. This dividend is the 50th consecutive quarterly cash dividend paid by the company, and represents the ninth increase in dividends since 1987 when Webster commenced paying dividends.
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