Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

The Regions Financial Corporation (NYSE:RF) Board of Directors has announced cash dividends for its common and preferred shares. The common stock dividend is set at $0.155, payable on January 4, 2021, to shareholders on record by December 4, 2020. Preferred shares will see dividends as follows: $15.9375 for Series A and B (payable on December 15, 2020) and $14.25 for Series C (payable on November 16, 2020). Series D will deliver $1,437.50 on the same date as Series A and B. Regions manages approximately $144 billion in assets.

Positive

• The Board declared a cash dividend of $0.155 on common stock, providing income to shareholders.
• Preferred stock dividends are also significant, ensuring consistent returns for preferred shareholders.

Negative

• None.

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares and each series of preferred shares:

• A cash dividend of $0.155 on each share of outstanding common stock, payable on Jan. 4, 2021, to stockholders of record at the close of business on Dec. 4, 2020.
• A cash dividend of $15.9375 per share of Series A Preferred Stock outstanding (equivalent to approximately $0.398438 per depositary share), payable on Dec. 15, 2020, to stockholders of record at the close of business on Dec. 1, 2020.
• A cash dividend of $15.9375 per share of Series B Preferred Stock outstanding (equivalent to approximately $0.398438 per depositary share), payable on Dec. 15, 2020, to stockholders of record at the close of business on Dec. 1, 2020.
• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Nov. 16, 2020, to stockholders of record at the close of business on Nov. 2, 2020.
• A cash dividend of $1,437.50 per share of Series D Preferred Stock (equivalent to approximately $14.375000 per depositary share), payable on Dec.15, 2020, to stockholders of record at the close of business on Dec. 1, 2020.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $144 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 1,400 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.