Regions Financial Corporation Increases Quarterly Common Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

Regions Financial (NYSE:RF) has announced an increase in its quarterly common stock dividend and declared dividends on preferred stock. The common stock dividend has been raised to $0.25 per share, payable on Oct. 1, 2024, to stockholders of record as of Sept. 3, 2024. This represents a $0.01 increase over the previous quarter. The company also declared dividends on its Series B, C, D, and E preferred shares, with payment dates in August and September 2024. These dividends range from $11.125 to $1,437.50 per share, depending on the series.

Positive

• Increased quarterly common stock dividend by $0.01 to $0.25 per share
• Consistent dividend payments across multiple preferred stock series
• Demonstrates company's financial stability and commitment to shareholder returns

Negative

• None.

Dividends on common stock to be payable Oct. 1; dividends on preferred stock to be payable in August and September.

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 $0.25 on each share of outstanding common stock of the Company, payable on Oct. 1, 2024, to stockholders of record at the close of business on Sept. 3, 2024. The dividend of $0.25 represents a $0.01 increase over the most recent quarterly common dividend.

• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on Sept. 16, 2024, to stockholders of record at the close of business on Sept. 3, 2024.

• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Aug. 15, 2024, to stockholders of record at the close of business on Aug. 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 Sept. 16, 2024, to stockholders of record at the close of business on Sept. 3, 2024.

• A cash dividend of $11.125 per share of Series E Preferred Stock (equivalent to approximately $0.278125 per depositary share), payable on Sept. 16, 2024, to stockholders of record at the close of business on Sept. 3, 2024.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $155 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/20240717974938/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 new quarterly dividend amount for Regions Financial (RF) common stock?

The new quarterly dividend for Regions Financial (RF) common stock is $0.25 per share, representing a $0.01 increase from the previous quarter.

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

Regions Financial (RF) will pay its next common stock dividend on October 1, 2024, to stockholders of record as of September 3, 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.

What is the record date for Regions Financial 's (RF) Series B Preferred Stock dividend?

The record date for Regions Financial 's (RF) Series B Preferred Stock dividend is September 3, 2024.