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

Rhea-AI Summary

Huntington Bancshares Incorporated (Nasdaq: HBAN) declared a quarterly cash dividend of $0.155 per common share, consistent with the previous quarter. This dividend is payable on July 1, 2022, to shareholders of record on June 17, 2022. Additionally, the Board announced cash dividends for five series of preferred stock, with amounts ranging from $9.36 to $1,425.00 per share, payable July 15, 2022, to respective record shareholders on July 1, 2022. Huntington, a $177 billion asset bank, provides various financial services across 11 states.

Positive

• Consistent quarterly cash dividend of $0.155 per common share indicates stable income for shareholders.
• Preferred stock dividends demonstrate ongoing commitment to return on investment.
• Huntington's total assets stand at $177 billion, signifying strong market position.

Negative

• None.

News Market Reaction – HBAN

-0.98%

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-0.98% News Effect

On the day this news was published, HBAN declined 0.98%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, April 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 July 1, 2022, to shareholders of record on June 17, 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 $9.36072535 per share (equivalent to $0.2340181 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 July 15, 2022, to their respective shareholders of record on July 1, 2022.

About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $177 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 for common stock?

Huntington Bancshares declared a quarterly cash dividend of $0.155 per common share.

When will the common stock dividends be paid?

The common stock dividends will be payable on July 1, 2022.

What is the dividend for preferred stock series H of Huntington Bancshares?

The dividend for preferred stock series H (Nasdaq: HBANP) is $11.25 per share.

What is the record date for the dividends declared by Huntington Bancshares?

The record date for the common stock dividend is June 17, 2022, and July 1, 2022, for preferred stock.

When will the preferred stock dividends be paid?

The preferred stock dividends will be payable on July 15, 2022.