Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

The Board of Directors of Regions Financial Corporation (NYSE:RF) has declared cash dividends on various shares, including a $0.20 dividend for common stock, payable on Oct. 3, 2022, to stockholders of record by Sept. 2, 2022. Preferred stock dividends include $15.9375 for Series B, $14.25 for Series C, $1,437.50 for Series D, and $11.125 for Series E, all payable in mid-September 2022. Regions Financial, with $164 billion in assets, is an S&P 500 member and offers a range of banking services.

Positive

• Declaration of a $0.20 cash dividend on common stock, showcasing commitment to shareholder returns.
• Total asset base of $164 billion indicates strong financial stability.

Negative

• None.

Dividends on common stock to be payable Oct. 3; dividends on preferred stock to be payable in August and September.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- The Regions Financial Corporation (NYSE:RF) Board of Directors today 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 $0.20 on each share of outstanding common stock of the Company, payable on Oct. 3, 2022, to stockholders of record at the close of business on Sept. 2, 2022.
• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on Sept. 15, 2022, to stockholders of record at the close of business on Sept. 1, 2022.
• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Aug. 15, 2022, to stockholders of record at the close of business on Aug. 1, 2022.
• A cash dividend of $1,437.50 per share of Series D Preferred Stock (equivalent to approximately $14.375 per depositary share), payable on Sept. 15, 2022, to stockholders of record at the close of business on Sept. 1, 2022.
• A cash dividend of $11.125 per share of Series E Preferred Stock (equivalent to approximately $0.278125 per depositary share), payable on Sept. 15, 2022, to stockholders of record at the close of business on Sept. 1, 2022.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $164 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 approximately 1,300 banking offices and more than 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/20220720005931/en/

Media Contact:

Jeremy D. King

(205) 264-4551

Investor Relations Contact:

Dana Nolan

(205) 264-7040

Source: The Regions Financial Corporation

FAQ

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

The cash dividend for common stock is $0.20 per share.

When will the common stock dividend for RF be paid?

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

What are the dividends for Series B, C, D, and E preferred stock for Regions Financial Corporation?

Series B preferred stock receives $15.9375, Series C receives $14.25, Series D receives $1,437.50, and Series E receives $11.125.

What is the payment date for preferred stock dividends of RF?

Preferred stock dividends are payable in August and September 2022.

How frequently does Regions Financial Corporation (RF) declare dividends?

Regions Financial typically declares dividends quarterly.