Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

Regions Financial (NYSE:RF) has declared quarterly dividends on its common and preferred stock. The Board of Directors announced a $0.25 cash dividend per common share, payable on Jan. 2, 2025, to stockholders of record as of Dec. 2, 2024. Additionally, dividends were declared on various series of preferred stock:

• Series C: $14.25 per share (approx. $0.35625 per depositary share), payable Nov. 15, 2024
• Series D: $1,437.50 per share (approx. $14.375 per depositary share), payable Dec. 16, 2024
• Series E: $11.125 per share (approx. $0.278125 per depositary share), payable Dec. 16, 2024
• Series F: $17.375 per share (approx. $0.434375 per depositary share), payable Dec. 16, 2024

All preferred stock dividends will be paid to stockholders of record as of their respective dates in late 2024.

Positive

• Consistent dividend payments indicate financial stability
• Dividend payments across multiple stock series show diverse investor options
• Common stock dividend of $0.25 per share provides income for shareholders

Negative

• None.

Dividends on common stock to be payable Jan. 2, 2025; dividends on preferred stock to be payable in November and December 2024.

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

• A cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on Jan. 2, 2025, to stockholders of record at the close of business on Dec. 2, 2024.
• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Nov. 15, 2024, to stockholders of record at the close of business on Nov. 1, 2024.
• A cash dividend of $1,437.50 per share of Series D Preferred Stock (equivalent to approximately $14.375 per depositary share), payable on Dec. 16, 2024, to stockholders of record at the close of business on Dec. 2, 2024.
• A cash dividend of $11.125 per share of Series E Preferred Stock (equivalent to approximately $0.278125 per depositary share), payable on Dec. 16, 2024, to stockholders of record at the close of business on Dec. 2, 2024.
• A cash dividend of $17.375 per share of Series F Preferred Stock (equivalent to approximately $0.434375 per depositary share), payable on Dec. 16, 2024, to stockholders of record at the close of business on Dec. 2, 2024.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $154 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/20241016710417/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 (RF) common stock?

Regions Financial (RF) declared a cash dividend of $0.25 per share on its outstanding common stock.

When will Regions Financial (RF) pay its common stock dividend?

The common stock dividend for Regions Financial (RF) will be payable on January 2, 2025.

What is the record date for Regions Financial 's (RF) common stock dividend?

The record date for Regions Financial 's (RF) common stock dividend is December 2, 2024.

How much is the dividend for Regions Financial 's (RF) Series C Preferred Stock?

The dividend for Regions Financial 's (RF) Series C Preferred Stock is $14.25 per share, equivalent to approximately $0.35625 per depositary share.

When will Regions Financial (RF) pay dividends on its preferred stock series?

Regions Financial (RF) will pay dividends on its preferred stock series in November and December 2024, with specific dates varying by series.