Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common And Preferred Stocks

Rhea-AI Summary

Huntington Bancshares announced a quarterly cash dividend of $0.15 per common share (Nasdaq: HBAN), payable on April 1, 2021, to shareholders of record on March 18, 2021. Additionally, the company declared dividends on several series of preferred stock, including $7.35312676 for Series B, $14.69 for Series C (Nasdaq: HBANN), $15.625 for Series D (Nasdaq: HBANO), and other series. All preferred dividends are payable on April 15, 2021, to shareholders of record on April 1, 2021.

Positive

• Declaration of a consistent quarterly cash dividend of $0.15 per common share indicates stable income for shareholders.
• Continued dividend payments on multiple series of preferred stock reflect confidence in maintaining shareholder returns.

Negative

• None.

COLUMBUS, Ohio, Jan. 22, 2021 /PRNewswire/ -- Huntington Bancshares Incorporated (www.huntington.com) announced that the Board of Directors declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.15 per common share, unchanged from the prior quarter.  The common stock cash dividend is payable April 1, 2021, to shareholders of record on March 18, 2021.

In addition, the Board declared quarterly cash dividends on its six series of preferred stock.  The Board declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $7.35312676 per share (equivalent to $0.1838282 per depositary receipt share).  The Board declared a quarterly cash dividend on its 5.875% Series C Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANN) of $14.69 per share (equivalent to $0.36725 per depositary receipt share).  The Board declared a quarterly cash dividend on its 6.25% Series D Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANO) of $15.625 per share (equivalent to $0.390625 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).  Finally, 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).  All six preferred stock cash dividends are payable April 15, 2021, to their respective shareholders of record on April 1, 2021.

About Huntington

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of 839 full-service branches, including 11 Private Client Group offices, and 1,322 ATMs across seven Midwestern states.  Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services.  Huntington also provides vehicle finance, equipment finance, national settlement, and capital market services that extend beyond its core states. 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 $0.15 per common share.

When will the common stock dividend be paid?

The common stock dividend will be paid on April 1, 2021.

What are the dividend amounts for preferred stock series HBANN and HBANO?

The dividend for Series C (HBANN) is $14.69 per share, and for Series D (HBANO) it is $15.625 per share.

When will the preferred stock dividends be paid?

Preferred stock dividends will be paid on April 15, 2021.

What dates do shareholders need to record to receive dividends?

Shareholders must be on record by March 18, 2021, for common stock dividends and by April 1, 2021, for preferred stock dividends.