Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

The Regions Financial Corporation (NYSE:RF) has declared cash dividends for its shareholders. A $0.20 dividend per share of common stock will be payable on April 3, 2023, to stockholders of record by March 10, 2023. Preferred shareholders will also receive dividends: $15.9375 for Series B, $1,437.50 for Series D, and $11.125 for Series E, all payable on March 15, 2023, to record holders as of March 1, 2023. Regions Financial, with assets of $155 billion, operates across the South, Midwest, and Texas, offering a wide range of banking services.

Positive

• Declaration of a cash dividend of $0.20 on common stock, indicating profitability.
• Strong asset base of $155 billion, enhancing financial stability.
• Dividends on preferred shares provide income to shareholders.

Negative

• None.

Dividends on preferred stock to be payable March 15; dividends on common stock to be payable April 3.

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 $0.20 on each share of outstanding common stock of the Company, payable on April 3, 2023, to stockholders of record at the close of business on March 10, 2023.
• 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, 2023, to stockholders of record at the close of business on March 1, 2023.
• 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, 2023, to stockholders of record at the close of business on March 1, 2023.
• 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, 2023, to stockholders of record at the close of business on March 1, 2023.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $155 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 1,250 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/20230215005842/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 amount of the dividend for Regions Financial Corporation's common stock?

The dividend for common stock is $0.20 per share.

When will the common stock dividend be paid?

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

What are the dividend amounts for Regions Financial Corporation's preferred stocks?

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

When will the preferred stock dividends be paid?

The preferred stock dividends will be payable on March 15, 2023.

What is the record date for the common stock dividend?

The record date for the common stock dividend is March 10, 2023.