WARRN, Pa. - Northwest Bancshares, Inc. (NasdaqGS: NWBI) announced its Board of Directors declared a quarterly cash dividend of $0.12 per share for the first quarter of 2013 and is accelerating its payment into the fourth quarter of 2012. The cash dividend is payable on Dec. 24 to shareholders of record as of Dec. 17.
"Considering current deficit reduction negotiations and potential increases in federal income tax rates on dividends next year, we felt it would be beneficial to our shareholders to accelerate the dividend payment that normally would have been received in February 2013," President and CEO William J. Wagner said.
Headquartered in Warren, Pa., Northwest Bancshares, Inc., is the holding company of Northwest Savings Bank. Founded in 1896, Northwest Savings Bank is a full-service financial institution offering a complete line of business and personal banking products as well as benefits and wealth management services. Northwest operates 166 community banking offices in Pennsylvania, New York, Ohio and Maryland and 52 consumer finance offices in Pennsylvania through its subsidiary, Northwest Consumer Discount Company. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market. Additional information regarding Northwest Bancshares, Inc. can be accessed at northwestsavingsbank.com.