Associated Banc-Corp Announces Dividends

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.18 per common share, payable on December 15, 2020, to shareholders of record by December 1, 2020. Additionally, dividends for its preferred stock series were announced: $0.3828125 for Series C, $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, all payable on the same date to the same record date. Associated Banc-Corp maintains assets totaling $35 billion and operates over 240 locations across multiple states.

Positive

• Regular quarterly cash dividend of $0.18 per common share enhances income for shareholders.
• Strong asset base of $35 billion highlights financial stability.

Negative

• None.

GREEN BAY, Wis., Oct. 27, 2020 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.18 per common share, payable on December 15, 2020 to shareholders of record at the close of business on December 1, 2020.  

The Board of Directors also declared a regular quarterly cash dividend of $0.3828125 per depositary share on Associated Banc-Corp's 6.125% Series C Perpetual Preferred Stock, payable on December 15, 2020 to shareholders of record at the close of business on December 1, 2020.

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 December 15, 2020 to shareholders of record at the close of business on December 1, 2020.

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, 2020 to shareholders of record at the close of business on December 1, 2020.

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, 2020 to shareholders of record at the close of business on December 1, 2020.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $35 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 240 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.

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", "outlook", 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:
Brian Mathena, Senior Vice President, Investor Relations 
920-491-7059

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

View original content:http://www.prnewswire.com/news-releases/associated-banc-corp-announces-dividends-301160995.html

SOURCE Associated Banc-Corp

FAQ

What is the dividend amount declared by Associated Banc-Corp (ASB)?

Associated Banc-Corp declared a dividend of $0.18 per common share.

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

The dividend will be paid on December 15, 2020.

Who are the shareholders eligible for the dividend payment from Associated Banc-Corp (ASB)?

Shareholders of record as of December 1, 2020, are eligible for the dividend.

What are the dividends declared for the preferred stocks of Associated Banc-Corp (ASB)?

Dividends for preferred stocks are $0.3828125 (Series C), $0.3359375 (Series D), $0.3671875 (Series E), and $0.3515625 (Series F), all payable on December 15, 2020.