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

Rhea-AI Summary

Huntington Bancshares announced 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 June 1, 2022, to shareholders of record on May 15, 2022. The company, headquartered in Columbus, Ohio, manages $174 billion in assets and operates over 1,000 branches in 11 states, offering a wide range of banking and financial services.

Positive

• Quarterly cash dividend of $356.25 per share enhances shareholder income.
• Company confidence indicated through consistent dividend payments.

Negative

• None.

COLUMBUS, Ohio, March 31, 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 June 1, 2022, to shareholders of record on May 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.

 

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SOURCE Huntington Bancshares Incorporated

FAQ

What is the dividend amount for HBANM?

Huntington Bancshares declared a dividend of $356.25 per share for Series I Preferred Stock.

When is the dividend payable for HBANM?

The dividend for HBANM is payable on June 1, 2022.

Who is eligible for the HBANM dividend?

Shareholders of record on May 15, 2022, are eligible for the dividend.

What is the frequency of dividends for Huntington Bancshares?

Huntington Bancshares typically declares dividends quarterly.