Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common and Preferred Stocks
- None.
- None.
The declaration of a steady quarterly cash dividend on Huntington Bancshares' common stock indicates a consistent return for investors and suggests stable financial health for the company. The maintained dividend rate may signal confidence by the board in the company's current revenue and profit levels. A steady dividend can also be a sign of a mature company with a predictable cash flow.
However, the lack of an increase in the dividend might raise questions about the company's growth prospects and ability to generate excess cash in the future. Investors often view dividend growth as a positive indicator of a company's long-term prospects. Therefore, it's crucial to analyze the company's payout ratio, earnings trend and cash reserves to assess the sustainability of these dividends.
Examining the dividend declarations on the preferred stock series, it's evident that Huntington Bancshares is providing a variety of fixed and floating rate options to investors, catering to different risk preferences. The fixed-to-floating and fixed-rate reset features on some series allow for adjustments in payouts aligned with market interest rates, which could be attractive in a volatile rate environment.
It is important to consider the market demand for such preferred shares, as they often carry different risks and benefits compared to common stock. The yields on these preferred shares may be compared with current market rates to evaluate their attractiveness to potential investors. Additionally, the impact of these dividends on the company's financial leverage should be assessed, as preferred dividends are typically a fixed obligation.
In addition, the Board declared quarterly cash dividends on six series of its preferred stock.
- A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of
$20.68 90000$0.51 72250 - A quarterly cash dividend on its
5.70% Series E Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AL8) of$2,113.90 $21.13 9 - A quarterly cash dividend on its
5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of$1,406.25 $14.06 25 - A quarterly cash dividend on its
4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of$1,112.50 $11.12 50 - A quarterly cash dividend on its
4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of$11.25 $0.28 125 - A quarterly cash dividend on its
6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of$17.19 $0.42 975
All six preferred stock cash dividends are payable on April 15, 2024, to their respective shareholders of record on April 1, 2024.
About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a
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SOURCE Huntington Bancshares Incorporated
FAQ
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