HUNTINGTON BANCSHARES INCORPORATED DECLARES QUARTERLY 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). The dividend is payable on March 1, 2022, to shareholders of record as of February 15, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Huntington Bancshares, a $174 billion asset regional bank, operates over 1,100 branches across 12 states, offering a diverse range of banking and financial services.

Positive

• Quarterly cash dividend of $356.25 per share announced, reflecting shareholder value.
• Strong financial foundation with $174 billion in assets.

Negative

• None.

COLUMBUS, Ohio, Dec. 10, 2021 /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 March 1, 2022, to shareholders of record on February 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 1,100 branches in 12 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?

The dividend amount declared for HBANM is $356.25 per share.

When is the dividend payment date for HBANM?

The dividend payment date for HBANM is March 1, 2022.

Who are the shareholders of record for the HBANM dividend?

The shareholders of record for the HBANM dividend are those holding shares as of February 15, 2022.

What is the significance of the 5.70% dividend yield for investors?

The 5.70% dividend yield indicates a steady income stream for investors holding HBANM.