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). The dividend is payable on March 1, 2023, to shareholders of record on February 15, 2023. Huntington, a regional bank holding company with $179 billion in assets, operates over 1,000 branches across 11 states, providing various banking and financial services.

Positive

• Quarterly cash dividend of $356.25 per share will reward shareholders.
• Continued financial stability with $179 billion in assets.
• Strong market position with over 1,000 branches in 11 states.

Negative

• None.

COLUMBUS, Ohio, Dec. 9, 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 March 1, 2023, to shareholders of record on February 15, 2023.

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 for Huntington Bancshares preferred stock HBANM?

The dividend amount declared is $356.25 per share for the Series I Non-Cumulative Perpetual Preferred Stock.

When is the dividend for Huntington Bancshares preferred stock payable?

The dividend is payable on March 1, 2023.

What is the record date for the dividend payment of HBANM?

The record date for the dividend payment is February 15, 2023.

What is the significance of the 5.70% dividend rate for HBANM?

The 5.70% dividend rate indicates a solid return for preferred shareholders, reflecting the company’s commitment to returning value.