Associated Banc-Corp Announces Increase in Common Stock Dividend

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) has announced an increase in its quarterly cash dividend. The company's Board of Directors declared a regular quarterly dividend of $0.23 per common share, representing a $0.01 increase from the previous $0.22. The dividend will be payable on December 16, 2024, to shareholders of record as of December 2, 2024. Additionally, the Board declared quarterly dividends for Series E Preferred Stock at $0.3671875 per depositary share and Series F Preferred Stock at $0.3515625 per depositary share, both payable on the same dates.

AI-generated analysis. Not financial advice.

Positive

• Increased quarterly dividend by $0.01 to $0.23 per common share
• Demonstrates financial stability and commitment to shareholder returns
• Maintains consistent dividend payments across all share classes

Negative

• None.

News Market Reaction – ASB

+2.00%

1 alert

+2.00% News Effect

On the day this news was published, ASB gained 2.00%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GREEN BAY, Wis., Oct. 29, 2024 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.23 per common share, payable on December 16, 2024, to shareholders of record at the close of business on December 2, 2024. This is an increase of $0.01 from the previous quarterly dividend of $0.22 per common share.

The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on December 16, 2024, to shareholders of record at the close of business on December 2, 2024.

The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated's 5.625% Series F Perpetual Preferred Stock, payable on December 16, 2024, to shareholders of record at the close of business on December 2, 2024.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $42 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The Company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

FORWARD-LOOKING STATEMENTS

Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent Form 10-Qs and other SEC filings, and such factors are incorporated herein by reference.

Investor Contact:
Ben McCarville, Vice President, Director of Investor Relations      
920-491-7059

Media Contact:
Andrea Kozek, Senior Manager, Public Relations 
920-491-7518

View original content:https://www.prnewswire.com/news-releases/associated-banc-corp-announces-increase-in-common-stock-dividend-302290610.html

SOURCE Associated Banc-Corp

FAQ

What is Associated Banc-Corp's (ASB) new quarterly dividend amount?

Associated Banc-Corp's new quarterly dividend is $0.23 per common share, an increase of $0.01 from the previous $0.22 per share.

When will Associated Banc-Corp (ASB) pay its next dividend?

Associated Banc-Corp will pay its next dividend on December 16, 2024, to shareholders of record as of December 2, 2024.

What are the dividend rates for Associated Banc-Corp's (ASB) preferred shares?

The Series E Preferred Stock dividend is $0.3671875 per depositary share, and the Series F Preferred Stock dividend is $0.3515625 per depositary share.

How much did Associated Banc-Corp (ASB) increase its dividend?

Associated Banc-Corp increased its quarterly dividend by $0.01, from $0.22 to $0.23 per common share.