Associated Banc-Corp Announces Dividends

Rhea-AI Summary

On February 1, 2023, the Board of Directors of Associated Banc-Corp (ASB) declared a quarterly cash dividend of $0.21 per common share, payable on March 15, 2023 to shareholders of record as of March 1, 2023. Additionally, dividends of $0.3671875 per depositary share for the 5.875% Series E Preferred Stock and $0.3515625 for the 5.625% Series F Preferred Stock were also announced, with the same payment and record dates. As the largest bank holding company in Wisconsin, Associated Banc-Corp boasts total assets of $39 billion, serving over 100 communities across multiple states.

Positive

• Quarterly cash dividend of $0.21 per common share, indicating consistent shareholder returns.
• Total assets of $39 billion, reflecting strong financial stability and market position.

Negative

• None.

GREEN BAY, Wis., Feb. 1, 2023 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.21 per common share, payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023.

The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023.

The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated's 5.625% Series F Perpetual Preferred Stock, payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $39 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The Company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

FORWARD-LOOKING STATEMENTS

Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance.  Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "will," "intend," "target," "outlook," "project," "guidance," or similar expressions.  Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements.  Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent SEC filings.  Such factors are incorporated herein by reference. 

Investor Contact:
Ben McCarville, Vice President, Director of Investor Relations
920-491-7059

Media Contact:
Jennifer Kaminski, Vice President, Public Relations Senior Manager
920-491-7576

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SOURCE Associated Banc-Corp

FAQ

When is the ASB dividend payment date?

The ASB dividend payment date is March 15, 2023.

What is the amount of the ASB quarterly cash dividend?

The quarterly cash dividend for ASB is $0.21 per common share.

What are the dividends for ASB's preferred stocks?

The dividends for ASB's preferred stocks are $0.3671875 for Series E and $0.3515625 for Series F.

When is the record date for the ASB dividend?

The record date for the ASB dividend is March 1, 2023.