COLUMBUS, Ohio, July 19, 2019 /PRNewswire/ -- Huntington
Bancshares Incorporated (www.huntington.com) announced that the
Board of Directors declared a quarterly cash dividend on the
company's common stock (Nasdaq: HBAN) of $0.15 per common share, up $0.01, or 7%, from the prior quarter. The
common stock cash dividend is payable October 1, 2019, to shareholders of record on
September 17, 2019.
"The Board is pleased to be able to reward our shareholders with
a dividend increase on the common stock for the seventh consecutive
year," said Steve Steinour,
chairman, president, and CEO. "Our strategy is designed to
deliver sustained top quartile financial performance, which results
in robust capital generation. The dividend increase deploys
capital in line with our consistently-stated capital priorities: to
fund organic growth first, to increase our quarterly 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 Floating Rate Series B
Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of
$12.50845070 per share (equivalent to
$0.3127113 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). 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).
Finally, the Board declared a quarterly cash dividend on its
5.70% Series E Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock (CUSIP#: 446150 AL8) of $1,425.00 per share (equivalent to $14.25 per depositary receipt share). All
four preferred stock cash dividends are payable October 15, 2019, to their respective
shareholders of record on October 1,
2019.
About Huntington
Huntington Bancshares Incorporated is
a regional bank holding company headquartered in Columbus, Ohio, with $108 billion of assets and a network of 868
full-service branches, including 12 Private Client Group offices,
and 1,687 ATMs across seven 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