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

Huntington Bancshares has declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM).

Rhea-AI Summary

Huntington Bancshares has 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, which equates to $0.35625 per depositary share, will be payable on December 1, 2021 to shareholders who are on record as of November 15, 2021.

This reflects the company's ongoing commitment to provide returns to its shareholders amidst its operations as a significant regional bank with assets totaling $175 billion.

Positive

• Declaration of a quarterly cash dividend of $356.25 per share.
• Maintaining a strong dividend yield of 5.70% for Series I preferred stock.
• Continued commitment to shareholder returns amidst market changes.

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News Market Reaction – HBAN

The recorded move for HBAN in the trading session of this news was -0.86%.

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COLUMBUS, Ohio, Sept. 15, 2021 /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, 2021, to shareholders of record on November 15, 2021.

About Huntington

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $175 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 1,200 branches in 12 states, with certain businesses operating in extended geographies.  Visit Huntington.com for more information.

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SOURCE Huntington Bancshares Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

When is the dividend for Huntington Bancshares payable?

The dividend for Huntington Bancshares is payable on December 1, 2021.

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

The record date for the dividend payment for HBANM is November 15, 2021.

What is the dividend yield for HBANM?

The dividend yield for HBANM is 5.70%.