Associated Banc-Corp Announces Increase in Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.20 per common share, up from $0.18, payable on September 15, 2021. Shareholders of record by September 1, 2021 will receive this increase. Additionally, dividends for preferred stocks include $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, also payable on September 15, 2021. Associated Banc-Corp is Wisconsin's largest bank holding company with total assets of $34 billion.

Positive

• Increased common stock dividend to $0.20 per share from $0.18, reflecting confidence in financial health.
• Continued dividend payments for preferred shares show commitment to shareholder returns.

Negative

• None.

GREEN BAY, Wis., July 27, 2021 /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 September 15, 2021 to shareholders of record at the close of business on September 1, 2021. This is an increase of $0.02 from the previous quarterly cash dividend of $0.18 per common share.

The Board of Directors also declared a regular quarterly cash dividend of $0.3359375 per depositary share on Associated's 5.375% Series D Perpetual Preferred Stock, payable on September 15, 2021 to shareholders of record at the close of business on September 1, 2021.

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 September 15, 2021 to shareholders of record at the close of business on September 1, 2021.

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 September 15, 2021 to shareholders of record at the close of business on September 1, 2021.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $34 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 220 banking locations serving more than 120 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," "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 recent dividend declared by Associated Banc-Corp (ASB)?

Associated Banc-Corp declared a quarterly cash dividend of $0.20 per common share.

When will the dividend for Associated Banc-Corp be paid?

The dividend will be paid on September 15, 2021.

What is the record date for the Associated Banc-Corp dividend?

The record date for the dividend is September 1, 2021.

How much are the preferred stock dividends for Associated Banc-Corp?

The preferred stock dividends are $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F.