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

(Neutral)

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 – HBAN

-0.23%

-0.23% Session move

In the trading session that priced this news, HBAN declined 0.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

12/10/2024 - 08:00 AM

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-declares-cash-dividend-on-its-series-i-preferred-stock-302327482.html

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.