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

Rhea-AI Summary

Huntington Bancshares announced a quarterly cash dividend on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock. The dividend amounts to $356.25 per share or $0.35625 per depositary share. The dividend will be payable on September 3, 2024, to shareholders of record as of August 15, 2024.

Positive

• Quarterly cash dividend declared for Series I Preferred Stock.
• Dividend amounts to $356.25 per share or $0.35625 per depositary share.

Negative

• None.

News Market Reaction

+0.48%

1 alert

+0.48% News Effect

On the day this news was published, HBAN gained 0.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, June 18, 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 September 3, 2024, to shareholders of record on August 15, 2024.

About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $194 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 approximately 970 branches in 11 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 Series I Preferred Stock?

The dividend amount for Huntington Bancshares Series I Preferred Stock is $356.25 per share or $0.35625 per depositary share.

When will Huntington Bancshares pay the dividend for Series I Preferred Stock?

Huntington Bancshares will pay the dividend on September 3, 2024.

What is the record date for Huntington Bancshares Series I Preferred Stock dividend?

The record date for the dividend is August 15, 2024.

What is the dividend yield on Huntington Bancshares Series I Preferred Stock?

The Series I Preferred Stock has a 5.70% yield.