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

Rhea-AI Summary

Huntington Bancshares Incorporated declared a $0.155 quarterly cash dividend on common stock (Nasdaq: HBAN), payable on January 3, 2023, to shareholders of record as of December 19, 2022. Additionally, the board announced cash dividends for five series of preferred stock, with amounts ranging from $11.25 to $1,425.00 per share, payable on January 17, 2023. Huntington, an asset regional bank holding company with $179 billion in assets, operates over 1,000 branches across 11 states.

Positive

• Consistent quarterly cash dividend of $0.155 per common share indicates stable cash flow.
• Diverse preferred stock dividends enhance shareholder income opportunities.

Negative

• None.

News Market Reaction – HBAN

+2.77%

1 alert

+2.77% News Effect

On the day this news was published, HBAN gained 2.77%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, Oct. 21, 2022 /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 January 3, 2023, to shareholders of record on December 19, 2022.

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 $16.94785211 per share (equivalent to $0.4236963 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 January 17, 2023, to their respective shareholders of record on January 1, 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 declared by Huntington Bancshares Inc. for common stock (HBAN)?

The dividend amount declared for common stock (HBAN) is $0.155 per share.

When is the payment date for Huntington Bancshares' common stock dividend?

The payment date for the common stock dividend is January 3, 2023.

What are the payment dates for the preferred stock dividends?

The preferred stock dividends are payable on January 17, 2023.

What is the total asset value of Huntington Bancshares?

Huntington Bancshares has a total asset value of $179 billion.

How many branches does Huntington Bancshares operate?

Huntington Bancshares operates over 1,000 branches across 11 states.