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

(Neutral)

Rhea-AI Summary

Huntington Bancshares Incorporated has declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). This equates to $0.35625 per depositary share, payable on June 1, 2023, to shareholders of record as of May 15, 2023. The company, headquartered in Columbus, Ohio, boasts $183 billion in assets and operates over 1,000 branches across 11 states, offering a range of banking and financial services.

Positive

Dividend payout of $356.25 per share reflects company stability.
Continued operations in multiple states enhances market presence.

Negative

None.

News Market Reaction – HBAN

-0.27%

-0.27% Session move

In the trading session that priced this news, HBAN declined 0.27%, 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.

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03/31/2023 - 04:34 PM

COLUMBUS, Ohio, March 31, 2023 /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 June 1, 2023, to shareholders of record on May 15, 2023.

About Huntington

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $183 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 dividend of $356.25 per share on its Series I Preferred Stock.

When will Huntington Bancshares pay the dividend?

The dividend will be paid on June 1, 2023.

What is the record date for the dividend payment?

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

What is the stock symbol for Huntington Bancshares?

The stock symbol for Huntington Bancshares is HBAN for common stock and HBANM for preferred stock.