HUNTINGTON BANCSHARES INCORPORATED DECLARES CASH DIVIDEND ON ITS SERIES I PREFERRED STOCK

Rhea-AI Summary

Huntington Bancshares Incorporated declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). This dividend is payable on December 1, 2022, to shareholders recorded by November 15, 2022. As a regional bank with $179 billion in assets, Huntington provides various financial services via over 1,000 branches across 11 states.

Positive

• Quarterly cash dividend of $356.25 per preferred share for HBANM enhances shareholder returns.

Negative

• None.

News Market Reaction – HBAN

+2.33%

1 alert

+2.33% News Effect

On the day this news was published, HBAN gained 2.33%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, Sept. 19, 2022 /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 December 1, 2022, to shareholders of record on November 15, 2022.

About Huntington

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $179 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 more than 1,000 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 declared by Huntington Bancshares?

Huntington Bancshares declared a quarterly cash dividend of $356.25 per share on its Series I preferred stock.

When is the dividend payment date for Huntington Bancshares Series I preferred stock?

The dividend payment date is December 1, 2022.

What is the record date for Huntington Bancshares' dividend?

The record date for the dividend is November 15, 2022.

What is the frequency of dividends for Huntington Bancshares?

Huntington Bancshares pays dividends quarterly on its preferred stock.

What is the sustainability of Huntington Bancshares' dividends?

The sustainability of Huntington Bancshares' dividends can depend on its financial performance and profitability.