HUNTINGTON BANCSHARES INCORPORATED DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON AND PREFERRED STOCKS

Rhea-AI Summary

On April 20, 2023, Huntington Bancshares (Nasdaq: HBAN) declared a quarterly cash dividend of $0.155 per common share, consistent with the previous quarter. This dividend is payable on July 3, 2023, to shareholders recorded on June 19, 2023. Additionally, the Board announced cash dividends on six series of preferred stock, with payments scheduled for July 17, 2023, to shareholders of record on July 1, 2023. Notable dividends include $19.90 for Series B, $2,035.07 for Series E, $1,406.25 for Series F, $1,112.50 for Series G, $11.25 for Series H, and $24.64 for Series J. Huntington Bancshares is a $189 billion asset regional bank headquartered in Columbus, Ohio, providing a broad range of banking and financial services.

Positive

• Quarterly cash dividend of $0.155 per common share indicates stable financial performance.
• Preferred dividends showcase the company's commitment to shareholder returns.

Negative

• None.

COLUMBUS, Ohio, April 20, 2023 /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 July 3, 2023, to shareholders of record on June 19, 2023.

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

The Board declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $19.90072535 per share (equivalent to $0.4975181 per depositary receipt share). The Board declared a quarterly cash dividend on its 5.70% Series E Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AL8) of $2,035.07 per share (equivalent to $20.3507 per depositary receipt share). The Board declared 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). The Board declared 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). The Board declared 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). Finally, the Board declared a quarterly cash dividend on its 6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of $24.64 per share (equivalent to $0.616 per depositary share). 

All six preferred stock cash dividends are payable July 17, 2023, to their respective shareholders of record on July 1, 2023.

About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $189 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 declared by Huntington Bancshares for common stock?

Huntington Bancshares declared a dividend of $0.155 per common share.

When will the common stock dividend be paid?

The common stock dividend will be paid on July 3, 2023.

What is the dividend payment date for the preferred stocks?

The preferred stock dividends are payable on July 17, 2023.

What are the dividend amounts for Huntington Bancshares' preferred stock?

The preferred stock dividends range from $19.90 to $24.64 depending on the series.

What was the record date for the common stock dividend?

The record date for the common stock dividend was June 19, 2023.