Huntington Bancshares Incorporated Declares Cash Dividend On Its Series I Preferred Stock

Rhea-AI Summary

Huntington Bancshares announced a quarterly cash dividend declaration for its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). The dividend amount is set at $356.25 per share, equivalent to $0.35625 per depositary share. The dividend will be payable on March 3, 2025, to shareholders recorded as of February 15, 2025.

Positive

• Continued dividend payment demonstrates financial stability
• Maintaining 5.70% preferred stock dividend rate

Negative

• None.

News Market Reaction

-0.23%

1 alert

-0.23% News Effect

On the day this news was published, HBAN declined 0.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, Dec. 10, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared and set aside a quarterly cash dividend on the company's 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share (equivalent to $0.35625 per depositary share) payable March 3, 2025, to shareholders of record on February 15, 2025.

About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $201 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates 975 branches in 12 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

 

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SOURCE Huntington Bancshares Incorporated

FAQ

What is the dividend amount for Huntington Bancshares (HBAN) Series I Preferred Stock for March 2025?

The dividend amount is $356.25 per share, equivalent to $0.35625 per depositary share.

When is the record date for Huntington Bancshares (HBAN) Series I Preferred Stock dividend?

The record date is February 15, 2025.

When will Huntington Bancshares (HBAN) pay its Series I Preferred Stock dividend?

The dividend will be paid on March 3, 2025.

What is the dividend rate for Huntington Bancshares (HBAN) Series I Preferred Stock?

The Series I Preferred Stock has a 5.70% dividend rate.