April 24, 2012 | last updated June 1, 2012 2:05 pm

Flush Webster doubles common dividend

Webster Financial Corp. is doubling its common dividend in the wake of the Waterbury regional lender's strong first-quarter profits.

The parent of Webster Bank will now pay a dime a share May 21 to stockholders on record by May 7.

Webster also declared a regular quarterly cash dividend of $21.25 per share on its Series A preferred, to be paid June 15 to shareholders of record on June 1.

Webster announced last week a 13 percent profit increase to $38.3 million for the first quarter.

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