Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

Regions Financial Corporation (NYSE:RF) has declared cash dividends for its common and preferred shares. A dividend of $0.17 per common share will be paid on October 1, 2021, to shareholders on record by September 3, 2021. Preferred stock dividends include $15.9375 for Series B, $14.25 for Series C, $1,437.50 for Series D, and $16.19 for Series E, all payable on September 15, 2021. This demonstrates the company's commitment to returning value to its shareholders.

Positive

• Cash dividend of $0.17 per common share; demonstrates commitment to shareholders.
• Substantial preferred dividends indicate financial stability.

Negative

• None.

The Regions Financial Corporation (NYSE:RF) Board of Directors on Wednesday 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 $0.17 on each share of outstanding common stock of the Company, payable on Oct. 1, 2021, to stockholders of record at the close of business on Sept. 3, 2021.

• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on Sept. 15, 2021, to stockholders of record at the close of business on Sept. 1, 2021.

• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Aug. 16, 2021, to stockholders of record at the close of business on Aug. 2, 2021.

• A cash dividend of $1,437.50 per share of Series D Preferred Stock (equivalent to approximately $14.375 per depositary share), payable on Sept. 15, 2021, to stockholders of record at the close of business on Sept. 1, 2021.

• A cash dividend of $16.19 per share of Series E Preferred Stock (equivalent to approximately $0.404826 per depositary share), payable on Sept. 15, 2021, to stockholders of record at the close of business on Sept. 1, 2021.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $153 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 1,300 banking offices and approximately 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/20210721005878/en/

FAQ

What is the dividend amount for Regions Financial Corporation's common shares?

Regions Financial Corporation has declared a cash dividend of $0.17 per common share.

When will Regions Financial Corporation pay its common stock dividend?

The cash dividend for common shares will be paid on October 1, 2021.

What are the payment dates for the preferred stock dividends by Regions Financial Corporation?

Preferred stock dividends will be paid on September 15, 2021, for Series B, D, and E, and on August 16, 2021, for Series C.

What is the dividend for Series B Preferred Stock?

The dividend for Series B Preferred Stock is $15.9375 per share.

What does the announcement of dividends suggest about Regions Financial Corporation's financial health?

The announcement of dividends suggests that Regions Financial Corporation is demonstrating financial stability and commitment to returning value to shareholders.