Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Rhea-AI Summary

The Regions Financial Corporation (NYSE:RF) declared cash dividends on its common and preferred shares. Common stockholders will receive $0.20 per share, payable on January 3, 2023. Preferred 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 in December 2022 and November 2022. Regions Financial has $161 billion in assets and operates approximately 1,300 banking offices across the South, Midwest, and Texas.

Positive

• Cash dividend of $0.20 per common share indicates strong shareholder returns.
• Regions Financial maintains a solid asset base of $161 billion, signifying financial stability.

Negative

• None.

Dividends on common stock to be payable January 3; 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 $0.20 on each share of outstanding common stock of the Company, payable on January 3, 2023, to stockholders of record at the close of business on December 8, 2022.
• 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, 2022, to stockholders of record at the close of business on December 1, 2022.
• 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, 2022, to stockholders of record at the close of business on November 1, 2022.
• 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, 2022, to stockholders of record at the close of business on December 1, 2022.
• 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, 2022, to stockholders of record at the close of business on December 1, 2022.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $161 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 1,300 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/20221019006022/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 dividend amount for common stock of RF?

Regions Financial Corporation (RF) declared a cash dividend of $0.20 per common share.

When will the cash dividend for common stock be paid?

The cash dividend for common stock will be payable on January 3, 2023.

What are the dividend details for Series B preferred stock of RF?

The Series B preferred stock will have a cash dividend of $15.9375 per share, payable on December 15, 2022.

When is the dividend payment for Series C preferred stock of RF?

The Series C preferred stock will have a cash dividend of $14.25 per share, payable on November 15, 2022.