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

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Rhea-AI Summary

Huntington Bancshares Incorporated (Nasdaq: HBAN) has declared a quarterly cash dividend on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). The dividend is set at $356.25 per share, which is equivalent to $0.35625 per depositary share. This dividend will be payable on December 2, 2024, to shareholders of record as of November 15, 2024. The announcement demonstrates Huntington's commitment to providing returns to its preferred stockholders and maintaining its dividend policy.

Positive

Consistent dividend payment indicates financial stability
Dividend provides income for preferred shareholders

Negative

None.

News Market Reaction – HBAN

+1.27%

+1.27% Session move

In the trading session that priced this news, HBAN gained 1.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

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09/13/2024 - 08:00 AM

COLUMBUS, Ohio, Sept. 13, 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 December 2, 2024, to shareholders of record on November 15, 2024.

About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $196 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 (HBAN)?

Huntington Bancshares declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock, equivalent to $0.35625 per depositary share.

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

The dividend is payable on December 2, 2024, to shareholders of record as of November 15, 2024.

What is the ticker symbol for Huntington Bancshares' Series I Preferred Stock?

The ticker symbol for Huntington Bancshares' 5.70% Series I Non-Cumulative Perpetual Preferred Stock is HBANM on the Nasdaq exchange.

How often does Huntington Bancshares (HBAN) pay dividends on its Series I Preferred Stock?

Based on the announcement of a quarterly dividend, Huntington Bancshares appears to pay dividends on its Series I Preferred Stock on a quarterly basis.