Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

The Regions Financial Corporation (NYSE:RF) Board of Directors has declared cash dividends for its common and preferred stock. A cash dividend of $0.20 per share will be paid on common stock on July 3, 2023, to stockholders of record by June 2, 2023. 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 on June 15, 2023, to respective stockholders of record. With approximately $155 billion in assets, Regions is a leading provider of banking and financial services, operating over 1,250 banking offices.

Positive

• Common stock dividend of $0.20 per share scheduled for July 3, 2023.
• Strong financial position with $155 billion in assets.

Negative

• None.

Dividends on common stock to be payable July 3; dividends on preferred stock to be payable in May and June.

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 July 3, 2023, to stockholders of record at the close of business on June 2, 2023.
• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on June 15, 2023, to stockholders of record at the close of business on June 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 May 15, 2023, to stockholders of record at the close of business on May 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 June 15, 2023, to stockholders of record at the close of business on June 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 June 15, 2023, to stockholders of record at the close of business on June 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/20230419005925/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 payment date for Regions Financial common stock?

The dividend payment date for Regions Financial common stock is July 3, 2023.

How much is the dividend for Series B preferred stock?

The dividend for Series B preferred stock is $15.9375 per share, payable on June 15, 2023.

What are the dividend amounts for Series C, D, and E preferred stock?

Series C preferred stock will receive $14.25, Series D will receive $1,437.50, and Series E will receive $11.125, all payable on June 15, 2023.

When is the record date for the common stock dividend?

The record date for the common stock dividend is June 2, 2023.

How does Regions Financial's dividend impact investors?

The declared dividends provide a return on investment and indicate the company's ongoing profitability and commitment to shareholder returns.