Associated Banc-Corp Announces Dividends

Rhea-AI Summary

The Board of Directors of Associated Banc-Corp (NYSE: ASB) has declared a $0.20 per common share quarterly cash dividend, payable on March 15, 2022, to shareholders of record by March 1, 2022. Additionally, a quarterly cash dividend of $0.3671875 per depositary share for the 5.875% Series E Perpetual Preferred Stock and $0.3515625 for the 5.625% Series F Perpetual Preferred Stock was announced, with the same payment and record dates. Associated Banc-Corp, with total assets of $35 billion, is Wisconsin's largest bank holding company.

Positive

• Declaration of a quarterly cash dividend of $0.20 per common share, indicating financial stability.
• Dividends for Series E and Series F Preferred Stock show commitment to shareholder returns.
• Associated Banc-Corp's total assets of $35 billion reflect strong financial backing.

Negative

• None.

GREEN BAY, Wis., Feb. 1, 2022 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.20 per common share, payable on March 15, 2022 to shareholders of record at the close of business on March 1, 2022.

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, 2022 to shareholders of record at the close of business on March 1, 2022.

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, 2022 to shareholders of record at the close of business on March 1, 2022.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $35 billion and is Wisconsin's largest bank holding company. 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, and commercial financial services in Indiana, Michigan, Missouri, 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

What is the dividend amount for Associated Banc-Corp common shares?

The dividend amount for Associated Banc-Corp common shares is $0.20 per share.

What is the payment date for the declared dividends?

The payment date for the declared dividends is March 15, 2022.

When is the record date for shareholders to receive the dividends from ASB?

The record date for shareholders to receive the dividends is March 1, 2022.

What are the dividend amounts for the Series E and Series F Preferred Stock?

The dividend for Series E Preferred Stock is $0.3671875 and for Series F Preferred Stock is $0.3515625.

What does Associated Banc-Corp's total assets figure signify?

Associated Banc-Corp has total assets of $35 billion, indicating a strong financial position.