Associated Banc-Corp Announces Dividends

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) has announced its quarterly dividend payments. The Board of Directors declared a regular quarterly cash dividend of $0.22 per common share, payable on September 16, 2024, to shareholders of record as of September 3, 2024. Additionally, dividends were declared for two series of preferred stock:

1. 5.875% Series E Perpetual Preferred Stock: $0.3671875 per depositary share
2. 5.625% Series F Perpetual Preferred Stock: $0.3515625 per depositary share

Both preferred stock dividends are also payable on September 16, 2024, to shareholders of record on September 3, 2024. This announcement demonstrates Associated Banc-Corp's commitment to providing regular returns to its shareholders across different classes of stock.

Positive

• Regular quarterly dividend of $0.22 per common share maintained
• Consistent dividend payments on preferred stock series E and F
• Demonstrates company's ability to generate cash flow for shareholder returns

Negative

• None.

News Market Reaction – ASB

-0.95%

1 alert

-0.95% News Effect

On the day this news was published, ASB declined 0.95%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GREEN BAY, Wis., July 30, 2024 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.22 per common share, payable on September 16, 2024, to shareholders of record at the close of business on September 3, 2024.

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 September 16, 2024, to shareholders of record at the close of business on September 3, 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 September 16, 2024, to shareholders of record at the close of business on September 3, 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-dividends-302210313.html

SOURCE Associated Banc-Corp

FAQ

What is the dividend amount for Associated Banc-Corp (ASB) common shares?

Associated Banc-Corp (ASB) declared a regular quarterly cash dividend of $0.22 per common share.

When is the dividend payment date for Associated Banc-Corp (ASB)?

The dividend payment date for Associated Banc-Corp (ASB) is September 16, 2024.

What is the record date for Associated Banc-Corp's (ASB) dividend?

The record date for Associated Banc-Corp's (ASB) dividend is September 3, 2024.

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

Associated Banc-Corp (ASB) declared dividends of $0.3671875 per share for Series E Preferred Stock and $0.3515625 per share for Series F Preferred Stock.