Huntington Bancshares declared a quarterly cash dividend of $0.155 per common share, maintaining the same rate as the previous quarter. This dividend is to be paid on April 1, 2022, to shareholders on record as of March 18, 2022. Additionally, the Board announced quarterly cash dividends on five series of preferred stock, with payment scheduled for April 15, 2022. The preferred dividends range from $7.3479 to $1,425.00 per share. Huntington, based in Columbus, Ohio, manages assets totaling $174 billion.
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Positive
Quarterly cash dividend of $0.155 per common share approved.
Strong asset base of $174 billion.
Preferred stock dividends reinforce company’s commitment to returning value to shareholders.
Negative
None.
News Market Reaction – HBAN
+3.03%
+3.03%Session move
In the trading session that priced this news, HBAN gained 3.03%, reflecting a moderate positive market reaction.
COLUMBUS, Ohio, Jan. 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 April 1, 2022, to shareholders of record on March 18, 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 $7.34785211 per share (equivalent to $0.1836963 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 15, 2022, to their respective shareholders of record on April 1, 2022.
About Huntington Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $174 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 1,100 branches in 12 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
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