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

Rhea-AI Summary

Huntington Bancshares has declared a quarterly cash dividend of $0.155 per common share (Nasdaq: HBAN), unchanged from the previous quarter. This dividend is payable on October 3, 2022, to shareholders recorded by September 19, 2022. Additionally, five series of preferred stock dividends were announced, including $13.0300 for Series B and $11.25 for Series H (Nasdaq: HBANP), payable on October 17, 2022, to shareholders recorded by October 1, 2022. The bank, headquartered in Columbus, Ohio, has assets of $179 billion.

Positive

• Regular quarterly dividend of $0.155 per common share demonstrates consistent shareholder returns.
• Preferred stock dividends provide additional income opportunities for shareholders.

Negative

• None.

News Market Reaction – HBAN

-2.40%

1 alert

-2.40% News Effect

On the day this news was published, HBAN declined 2.40%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, July 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 October 3, 2022, to shareholders of record on September 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 $13.0300 per share (equivalent to $0.32575 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 October 17, 2022, to their respective shareholders of record on October 1, 2022.

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 for Huntington Bancshares (HBAN) in October 2022?

Huntington Bancshares has declared a dividend of $0.155 per common share for October 2022.

When is the dividend payable for Huntington Bancshares common stock?

The dividend for Huntington Bancshares common stock is payable on October 3, 2022.

What are the dividend details for Huntington Bancshares preferred stock (HBANP)?

Huntington Bancshares is paying $11.25 per share for Series H preferred stock (HBANP) on October 17, 2022.

When is the record date for the preferred stock dividends for Huntington Bancshares?

The record date for preferred stock dividends is October 1, 2022.

How often does Huntington Bancshares pay dividends?

Huntington Bancshares typically pays dividends quarterly.