COLUMBUS, Ohio, Oct. 20, 2017 /PRNewswire/ -- Huntington
Bancshares Incorporated (www.Huntington.com) announced the Board of
Directors declared a quarterly cash dividend on the company's
common stock (NASDAQ: HBAN) of $0.11
per common share, up $0.03, or 38%,
from the prior quarter. The common stock cash dividend is
payable January 2, 2018 to
shareholders of record on December 18,
2017.
"We are pleased to reward our shareowners with an increased
quarterly cash dividend for the fourth consecutive year," said
Steve Steinour, chairman, president,
and CEO. "The continued execution of our strategic plan
allows us to accelerate the achievement of our long-term financial
goals and positioned us to deploy capital consistent with our
well-stated capital priorities: to fund organic growth first, to
support and grow our quarterly cash dividend, and then other uses
including returning capital via share repurchases."
In addition, the Board declared quarterly cash dividends on its
four series of preferred stock. The Board declared a quarterly cash
dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible
Preferred Stock (NASDAQ: HBANP) of $21.25 per share. The Board declared a quarterly
cash dividend on its Floating Rate Series B Non-Cumulative
Perpetual Preferred Stock (CUSIP#: 446150500) of $10.14792254 per share (equivalent to
$0.2536981 per depositary receipt
share). The Board declared a quarterly cash dividend on its 5.875%
Series C Non-Cumulative Perpetual Preferred Stock (NASDAQ: HBANN)
of $14.69 per share (equivalent to
$0.36725 per depositary receipt
share). Finally, the Board declared a quarterly cash dividend on
its 6.25% Series D Non-Cumulative Perpetual Preferred Stock
(NASDAQ: HBANO) of $15.625 per share
(equivalent to $0.390625 per
depositary receipt share). All four preferred stock cash
dividends are payable January 15,
2018 to their respective shareholders of record on
January 1, 2018.
About Huntington
Huntington Bancshares Incorporated is a regional bank holding
company headquartered in Columbus,
Ohio, with $101 billion of
assets and a network of 996 branches and 1,860 ATMs across eight
Midwestern states. Founded in 1866, The Huntington National Bank
and its affiliates provide consumer, small business, commercial,
treasury management, wealth management, brokerage, trust, and
insurance services. Huntington also provides auto dealer, equipment
finance, national settlement and capital market services that
extend beyond its core states. Visit huntington.com for more
information.
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SOURCE Huntington Bancshares Incorporated