Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common and Preferred Stocks

Rhea-AI Summary

Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced its quarterly cash dividends for common and preferred stocks. The Board of Directors declared a quarterly cash dividend of $0.155 per common share, unchanged from the previous quarter, payable on October 1, 2024, to shareholders of record on September 17, 2024.

Additionally, the company declared quarterly cash dividends on six series of its preferred stock, including Floating Rate Series B, 5.70% Series E, 5.625% Series F, 4.450% Series G, 4.5% Series H, and 6.875% Series J. These preferred stock dividends are payable on October 15, 2024, to respective shareholders of record on October 1, 2024.

Positive

• Consistent quarterly dividend of $0.155 per common share maintained
• Dividends declared on six series of preferred stock, providing income for diverse shareholder base

Negative

• None.

COLUMBUS, Ohio, July 19, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter.  The common stock cash dividend is payable October 1, 2024, to shareholders of record on September 17, 2024.

In addition, the Board declared quarterly cash dividends on six series of its preferred stock:

• A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $20.6574507 per share (equivalent to $0.5164363 per depositary receipt share).
• A quarterly cash dividend on its 5.70% Series E Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AL8) of $2,157.65 per share (equivalent to $21.5765 per depositary receipt share).
• A quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share).
• A quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share).
• A quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share).
• A quarterly cash dividend on its 6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of $17.19 per share (equivalent to $0.42975 per depositary share).

All six preferred stock cash dividends are payable October 15, 2024, to their respective shareholders of record on October 1, 2024.

About Huntington

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $196 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 approximately 970 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

When is Huntington Bancshares (HBAN) paying its next common stock dividend?

Huntington Bancshares (HBAN) will pay its next common stock dividend on October 1, 2024, to shareholders of record on September 17, 2024.

What is the amount of Huntington Bancshares' (HBAN) quarterly common stock dividend?

Huntington Bancshares (HBAN) has declared a quarterly cash dividend of $0.155 per common share.

Has Huntington Bancshares (HBAN) changed its common stock dividend compared to the previous quarter?

No, Huntington Bancshares (HBAN) has maintained its quarterly common stock dividend at $0.155 per share, unchanged from the prior quarter.

When will Huntington Bancshares (HBAN) pay dividends on its preferred stocks?

Huntington Bancshares (HBAN) will pay dividends on its six series of preferred stocks on October 15, 2024, to shareholders of record on October 1, 2024.