Associated Banc-Corp Announces Dividends

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.20 per common share on July 26, 2022, payable on September 15, 2022, to shareholders of record by September 1, 2022. Additionally, dividends for the Series E and Series F Perpetual Preferred Stocks were announced, amounting to $0.3671875 and $0.3515625 respectively, also payable on September 15, 2022. This highlights the company’s commitment to returning value to shareholders.

Positive

• Declaration of a $0.20 dividend per common share, indicating continued profitability.
• Commitment to returning value to shareholders with preferred stock dividends.

Negative

• None.

GREEN BAY, Wis., July 26, 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 September 15, 2022, to shareholders of record at the close of business on September 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 September 15, 2022, to shareholders of record at the close of business on September 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 September 15, 2022, to shareholders of record at the close of business on September 1, 2022.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $37 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-dividends-301593736.html

SOURCE Associated Banc-Corp

FAQ

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

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

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

The dividends will be paid on September 15, 2022.

What are the dividend amounts for the Series E and Series F Preferred Stocks of ASB?

The dividends for the Series E and Series F Preferred Stocks are $0.3671875 and $0.3515625 respectively.

Who qualifies for the dividend payment from Associated Banc-Corp (ASB)?

Shareholders of record at the close of business on September 1, 2022, qualify for the dividend payment.