HUNTINGTON BANCSHARES INCORPORATED DECLARES CASH DIVIDEND ON ITS SERIES I PREFERRED STOCK

Rhea-AI Summary

Huntington Bancshares Incorporated has declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). This dividend is payable on September 1, 2022, to shareholders of record as of August 15, 2022. With total assets of $174 billion, Huntington is a regional bank holding company based in Columbus, Ohio, operating over 1,000 branches across 11 states, providing a variety of financial services.

Positive

• Quarterly cash dividend of $356.25 per share announced.
• Demonstrates company confidence in maintaining dividend payouts.

Negative

• None.

COLUMBUS, Ohio, June 17, 2022 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared and set aside a quarterly cash dividend on the company's 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share (equivalent to $0.35625 per depositary share) payable September 1, 2022, to shareholders of record on August 15, 2022. 

About Huntington 

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $174 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-declares-cash-dividend-on-its-series-i-preferred-stock-301570577.html

SOURCE Huntington Bancshares Incorporated

FAQ

What is the dividend amount for Huntington Bancshares' Series I preferred stock?

The dividend amount is $356.25 per share.

When will Huntington Bancshares pay the dividend?

The dividend will be paid on September 1, 2022.

What is the record date for the dividend payment by Huntington Bancshares?

The record date for the dividend payment is August 15, 2022.

What is the stock symbol for Huntington Bancshares' preferred stock?

The stock symbol for the preferred stock is HBANM.

How often does Huntington Bancshares declare dividends?

Huntington Bancshares declares dividends quarterly.