Regions Financial Corp. Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

The Regions Financial Corporation (NYSE:RF) Board of Directors declared a cash dividend of $0.17 for common stock, payable on Jan. 3, 2022. Stockholders on record by Dec. 3, 2021 will receive this dividend. Additionally, dividends for Series B, C, D, and E preferred shares were announced, with payment dates spanning November and December 2021. Regions Financial, with $156 billion in assets, is a member of the S&P 500 Index and offers a wide range of banking services across the South, Midwest, and Texas.

Positive

• Cash dividend of $0.17 per common share reflects company's profitability and commitment to shareholders.
• Regions Financial is a prominent player in the banking sector with $156 billion in assets, signaling stability and growth potential.

Negative

• None.

Dividends on common stock to be payable Jan. 3, 2022; dividends on preferred stock to be payable in November and December 2021.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- The Regions Financial Corporation (NYSE:RF) Board of Directors on Wednesday declared the following cash dividends on its common shares, Series B preferred shares, Series C preferred shares, Series D preferred shares, and Series E preferred shares:

• A cash dividend of $0.17 on each share of outstanding common stock of the Company, payable on Jan. 3, 2022, to stockholders of record at the close of business on Dec. 3, 2021.

• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on Dec. 15, 2021, to stockholders of record at the close of business on Dec. 1, 2021.

• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Nov. 15, 2021, to stockholders of record at the close of business on Nov. 1, 2021.

• A cash dividend of $1,437.50 per share of Series D Preferred Stock (equivalent to approximately $14.375 per depositary share), payable on Dec. 15, 2021, to stockholders of record at the close of business on Dec. 1, 2021.

• A cash dividend of $11.125 per share of Series E Preferred Stock (equivalent to approximately $0.278125 per depositary share), payable on Dec. 15, 2021, to stockholders of record at the close of business on Dec. 1, 2021.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $156 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and approximately 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211020006044/en/

Media Contact:

Jeremy D. King

(205) 264-4551

Regions News Online: regions.doingmoretoday.com

Regions News on Twitter: @RegionsNews

Investor Relations Contact:

Dana Nolan

(205) 264-7040

Source: Regions Financial Corp.

FAQ

What is the dividend amount for Regions Financial Corporation (RF)?

Regions Financial Corporation has declared a cash dividend of $0.17 per share of common stock.

When will the dividend for common stock be paid?

The dividend on common stock will be payable on January 3, 2022.

What are the payment dates for the preferred stock dividends?

The preferred stock dividends will be payable in November and December 2021.

What is the significance of the dividend announcement for shareholders of RF?

The dividend announcement indicates Regions Financial's profitability and commitment to returning value to shareholders.