Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

Regions Financial Corporation declares cash dividends on common and preferred shares

Positive

• The Regions Financial Corporation has declared a cash dividend of $0.24 on each share of outstanding common stock, payable on January 2, 2024.
• A cash dividend of $15.9375 per share of Series B Preferred Stock will be paid on December 15, 2023.
• A cash dividend of $14.25 per share of Series C Preferred Stock will be paid on November 15, 2023.
• A cash dividend of $1,437.50 per share of Series D Preferred Stock will be paid on December 15, 2023.
• A cash dividend of $11.125 per share of Series E Preferred Stock will be paid on December 15, 2023.

Negative

• None.

Dividends on common stock to be payable January 2; dividends on preferred stock to be payable in November and December.

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 $0.24 on each share of outstanding common stock of the Company, payable on January 2, 2024, to stockholders of record at the close of business on December 8, 2023.

• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on December 15, 2023, to stockholders of record at the close of business on December 1, 2023.

• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on November 15, 2023, to stockholders of record at the close of business on November 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 December 15, 2023, to stockholders of record at the close of business on December 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 December 15, 2023, to stockholders of record at the close of business on December 1, 2023.

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 approximately 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/20231018362764/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 cash dividend on the common stock?

The cash dividend on the common stock is $0.24 per share.

When will the cash dividend on the common stock be paid?

The cash dividend on the common stock will be paid on January 2, 2024.

What is the cash dividend on the Series B Preferred Stock?

The cash dividend on the Series B Preferred Stock is $15.9375 per share.

When will the cash dividend on the Series B Preferred Stock be paid?

The cash dividend on the Series B Preferred Stock will be paid on December 15, 2023.

What is the cash dividend on the Series C Preferred Stock?

The cash dividend on the Series C Preferred Stock is $14.25 per share.

When will the cash dividend on the Series C Preferred Stock be paid?

The cash dividend on the Series C Preferred Stock will be paid on November 15, 2023.

What is the cash dividend on the Series D Preferred Stock?

The cash dividend on the Series D Preferred Stock is $1,437.50 per share.

When will the cash dividend on the Series D Preferred Stock be paid?

The cash dividend on the Series D Preferred Stock will be paid on December 15, 2023.

What is the cash dividend on the Series E Preferred Stock?

The cash dividend on the Series E Preferred Stock is $11.125 per share.

When will the cash dividend on the Series E Preferred Stock be paid?

The cash dividend on the Series E Preferred Stock will be paid on December 15, 2023.