STOCK TITAN

Associated Banc-Corp Announces Dividends

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Associated Banc-Corp (ASB) has declared regular quarterly cash dividends for common shares and preferred stocks, with $0.22 per common share, $0.3671875 per depositary share on 5.875% Series E Perpetual Preferred Stock, and $0.3515625 per depositary share on 5.625% Series F Perpetual Preferred Stock. The dividends are payable on March 15, 2024, to shareholders of record at the close of business on March 1, 2024.
Positive
  • None.
Negative
  • None.

Insights

The announcement of a regular quarterly cash dividend by Associated Banc-Corp represents a commitment to return value to shareholders and can be seen as a positive signal regarding the company's current financial health and future earnings expectations. A steady dividend payout is often interpreted by the market as a sign of a company's stable cash flow and mature business model. Investors typically view such distributions as a source of passive income, which can be particularly attractive in times of market volatility or low-interest rates.

It is important to note that the dividend yield, calculated as the annual dividends per share divided by the stock's price, is a key metric that income-focused investors consider when evaluating a stock's attractiveness. The consistency and potential growth of dividends are also critical factors, as they can influence the stock's total return profile over time. Furthermore, the declaration of dividends on preferred shares indicates the company's priority to fulfill its obligations to preferred shareholders, who typically have fixed dividend rights ahead of common shareholders.

When analyzing the impact of dividend declarations on the broader market and sector, it's essential to consider the competitive landscape and the typical dividend policies of peer financial institutions. If Associated Banc-Corp's dividend is in line with or exceeds industry norms, it may enhance the company's standing among its peers and attract investors seeking stable dividend-paying stocks within the financial sector.

Additionally, the announcement's timing, amid economic conditions and prevailing interest rates, could affect investor sentiment. In an environment where alternative investments offer lower yields, dividends from bank stocks like Associated Banc-Corp could become more appealing, potentially driving demand for the company's shares.

Dividend policy decisions, such as those made by Associated Banc-Corp, can also be reflective of broader economic trends. In periods of economic growth, companies might increase dividend payouts due to higher profits and confidence in future earnings. Conversely, during downturns, dividends may be reduced or suspended as companies conserve cash. Therefore, the maintenance or increase of dividends can signal management's confidence in the company's resilience and outlook.

The impact on the stock market of such dividend declarations can be multifaceted. On one hand, they can boost investor confidence and stock prices. On the other hand, they can also indicate that the company might not have profitable reinvestment opportunities, which could be a concern for growth-oriented investors. The specific context and performance of the company, as well as external economic conditions, must be considered to fully understand the implications of dividend announcements.

GREEN BAY, Wis., Jan. 30, 2024 /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 March 15, 2024, to shareholders of record at the close of business on March 1, 2024.

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, 2024, to shareholders of record at the close of business on March 1, 2024.

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, 2024, to shareholders of record at the close of business on March 1, 2024.

ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $41 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 nearly 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:
Marilka Vélez, Senior Vice President, Senior Director of Marketing
414-283-2202

Cision View original content:https://www.prnewswire.com/news-releases/associated-banc-corp-announces-dividends-302048517.html

SOURCE Associated Banc-Corp

FAQ

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

The regular quarterly cash dividend for common shares declared by Associated Banc-Corp is $0.22 per share.

What is the dividend for 5.875% Series E Perpetual Preferred Stock declared by Associated Banc-Corp?

The regular quarterly cash dividend for 5.875% Series E Perpetual Preferred Stock declared by Associated Banc-Corp is $0.3671875 per depositary share.

What is the dividend for 5.625% Series F Perpetual Preferred Stock declared by Associated Banc-Corp?

The regular quarterly cash dividend for 5.625% Series F Perpetual Preferred Stock declared by Associated Banc-Corp is $0.3515625 per depositary share.

When are the dividends payable?

The dividends are payable on March 15, 2024.

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

Shareholders of record at the close of business on March 1, 2024, will receive the dividends.

Associated Banc-Corp

NYSE:ASB

ASB Rankings

ASB Latest News

ASB Stock Data

3.99B
150.90M
0.78%
86.18%
3.09%
Banks - Regional
State Commercial Banks
Link
United States of America
GREEN BAY