Regions Financial Corporation Declares Series C Preferred Stock Dividend

Rhea-AI Summary

The Regions Financial Corporation (NYSE:RF) has declared a cash dividend of $14.25 per share of Series C Preferred Stock, equivalent to approximately $0.35625 per depositary share. This dividend is payable on February 16, 2021, to stockholders of record at the close of business on February 1, 2021. With assets totaling $145 billion, Regions is a leading financial provider operating around 1,400 banking offices and 2,000 ATMs across the southern, midwestern, and Texan regions.

Positive

• Declaration of a cash dividend at $14.25 per share demonstrating commitment to shareholder returns.
• Strong asset base of $145 billion indicating financial stability.

Negative

• None.

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. 16, 2021, to stockholders of record at the close of business on Feb. 1, 2021.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $145 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 1,400 banking offices and 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/20210115005532/en/

FAQ

What is the dividend amount for Regions Financial Corporation (RF)?

The declared dividend amount is $14.25 per share of Series C Preferred Stock.

When is the dividend for RF payable?

The dividend is payable on February 16, 2021.

What is the record date for the RF dividend?

The record date for the dividend is February 1, 2021.

How does the asset size of Regions Financial Corporation affect investors?

With $145 billion in assets, it reflects strong financial health and stability, which is beneficial for investors.