Regions Financial Corporation Declares Series C Preferred Stock Dividend

Rhea-AI Summary

The Board of Directors of Regions Financial Corporation (NYSE:RF) has declared a cash dividend of $14.25 per share for Series C Preferred Stock, equating to approximately $0.35625 per depositary share. This dividend is payable on February 15, 2022, to stockholders of record by the close of business on February 1, 2022. With $156 billion in assets, Regions is a key player in consumer and commercial banking, serving customers across the South, Midwest, and Texas.

Positive

• Dividend declared at $14.25 per share, demonstrating confidence in financial health.
• Scheduled payout to enhance shareholder value.
• Strong asset base of $156 billion highlights stability.

Negative

• None.

Dividend to be payable on Feb. 15, 2022.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- The Regions Financial Corporation (NYSE:RF) Board of Directors today declared a cash dividend of $14.25 per share of Series C Preferred Stock outstanding (equivalent to approximately $0.35625 per depositary share), payable on Feb. 15, 2022, to stockholders of record at the close of business on Feb. 1, 2022.

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 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/20220114005370/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 declared by Regions Financial Corporation?

Regions Financial Corporation declared a dividend of $14.25 per share of Series C Preferred Stock.

When is the dividend payable for Regions Financial Corporation?

The dividend is payable on February 15, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is February 1, 2022.

What is the significance of the declared dividend for shareholders of Regions Financial Corporation?

The declared dividend signifies the company's commitment to returning value to shareholders and reflects its financial stability.

What assets does Regions Financial Corporation manage?

Regions Financial Corporation manages approximately $156 billion in assets.