Associated Banc-Corp Announces Increase in Common Stock Dividend

Rhea-AI Summary

Associated Banc-Corp announces an increase in its quarterly cash dividend. The common share dividend is raised from $0.21 to $0.22 per share. Dividends on preferred stocks are also declared.

Positive

• Associated Banc-Corp increases its common share dividend from $0.21 to $0.22 per share, a 4.76% increase. Dividends on preferred stocks are also declared.

Negative

• None.

GREEN BAY, Wis., Oct. 24, 2023 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.22 per common share, payable on December 15, 2023, to shareholders of record at the close of business on December 1, 2023. This is an increase of $0.01 from the previous quarterly dividend of $0.21 per common share.

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 December 15, 2023, to shareholders of record at the close of business on December 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 December 15, 2023, to shareholders of record at the close of business on December 1, 2023.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $42 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

View original content:https://www.prnewswire.com/news-releases/associated-banc-corp-announces-increase-in-common-stock-dividend-301966326.html

SOURCE Associated Banc-Corp

FAQ

What is the new common share dividend declared by Associated Banc-Corp?

Associated Banc-Corp has declared a new common share dividend of $0.22 per share.

What is the percentage increase in the common share dividend?

The common share dividend has increased by 4.76%.

What are the dividend amounts declared for the preferred stocks?

For the 5.875% Series E Perpetual Preferred Stock, a dividend of $0.3671875 per depositary share has been declared. For the 5.625% Series F Perpetual Preferred Stock, a dividend of $0.3515625 per depositary share has been declared.

When will the dividends be payable?

The dividends will be payable on December 15, 2023.

Who are eligible to receive the dividends?

Shareholders of record at the close of business on December 1, 2023, are eligible to receive the dividends.