Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

The Board of Directors of Regions Financial Corporation (NYSE:RF) declared cash dividends for common and preferred stock. A cash dividend of $0.17 per share of common stock is payable on April 1, 2022, to shareholders of record by March 11, 2022. Preferred stock dividends include $15.9375 for Series B, $1,437.50 for Series D, and $11.125 for Series E, all payable on March 15, 2022. Regions Financial has $163 billion in assets and is a member of the S&P 500.

Positive

• Cash dividend of $0.17 on common stock reinforces shareholder value.
• Significant cash dividends on preferred stocks show company confidence in financial stability.

Negative

• None.

Dividends on preferred stock to be payable March 15; dividends on common stock to be payable April 1.

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 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 April 1, 2022, to stockholders of record at the close of business on March 11, 2022.
• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on March 15, 2022, to stockholders of record at the close of business on March 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 March 15, 2022, to stockholders of record at the close of business on March 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 March 15, 2022, to stockholders of record at the close of business on March 1, 2022.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $163 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 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/20220209006053/en/

Media Contact:

Jeremy D. King

(205) 264-4551

Investor Relations Contact:

Dana Nolan

(205) 264-7040

Source: Regions Financial Corporation

FAQ

What is the dividend amount for Regions Financial common stock?

The dividend amount for Regions Financial common stock is $0.17 per share, payable on April 1, 2022.

When will Regions Financial pay dividends on preferred stock?

Dividends on all preferred stock will be payable on March 15, 2022.

What are the dividend amounts for Regions Financial preferred stocks?

The dividends are $15.9375 for Series B, $1,437.50 for Series D, and $11.125 for Series E.

Who is eligible for the dividends declared by Regions Financial?

Shareholders of record as of the close of business on specified dates are eligible for the dividends.

What is Regions Financial's total assets?

Regions Financial Corporation has total assets of $163 billion.