HUNTINGTON BANCSHARES INCORPORATED DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON AND PREFERRED STOCKS

Rhea-AI Summary

On January 20, 2023, Huntington Bancshares Incorporated (Nasdaq: HBAN) announced a quarterly cash dividend of $0.155 per common share, consistent with the previous quarter. This dividend is payable on April 3, 2023, to shareholders recorded by March 20, 2023. Additionally, the Board declared cash dividends on five series of preferred stock, with varying amounts. The preferred dividends, including the 5.70% Series E at $1,425.00 per share, are payable on April 17, 2023, to shareholders of record on April 1, 2023. Huntington is a regional bank holding company with $183 billion in assets, headquartered in Columbus, Ohio.

Positive

• Consistent dividend of $0.155 per common share indicates stability amid market fluctuations.
• Diverse series of preferred stock dividends support investor confidence in long-term income.

Negative

• None.

News Market Reaction – HBAN

+4.46%

1 alert

+4.46% News Effect

On the day this news was published, HBAN gained 4.46%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, Jan. 20, 2023 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter. The common stock cash dividend is payable April 3, 2023, to shareholders of record on March 20, 2023.

In addition, the Board declared quarterly cash dividends on five series of its preferred stock. The Board declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $18.82427465 per share (equivalent to $0.4706069 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.70% Series E Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AL8) of $1,425.00 per share (equivalent to $14.25 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share). The Board declared a quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share). Finally, the Board declared a quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share). All five preferred stock cash dividends are payable April 17, 2023, to their respective shareholders of record on April 1, 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 for Huntington Bancshares common stock (HBAN) in April 2023?

The dividend amount is $0.155 per common share, payable on April 3, 2023.

When will the preferred stock dividends for Huntington Bancshares be paid?

The preferred stock dividends will be paid on April 17, 2023.

What are the dividend amounts for the preferred stocks of Huntington Bancshares?

The preferred stock dividends range from $11.25 to $1,425.00 per share, depending on the series.

What is the importance of the quarterly dividend announcement for Huntington Bancshares investors?

The quarterly dividend announcement provides investors with insights into the company's financial stability and ongoing commitment to returning value.