AmSouth Announces Next Dividend to be Paid by Regions Financial Corp. as a Result of Merger.BIRMINGHAM, Ala. -- The Board of Directors of AmSouth Bancorporation AmSouth Bancorporation was a bank holding company headquartered in Birmingham, Alabama, operated as a subsidiary of Regions Financial Corporation. AmSouth was previously known as First National Bank of Birmingham first organized in 1872. (NYSE NYSE See: New York Stock Exchange :ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ) announced today that the next company dividend, expected to be paid in the first quarter of 2007, will be declared by the board of the new Regions Financial Corporation as a result of approval of the pending merger by shareholders of both companies on Oct. 3, 2006. Pending customary regulatory approvals, the transaction is expected to close in November 2006. "Our shareholders can expect their next dividend to be paid by Regions, which at their current quarterly rate of $0.35 would represent, on an exchange-adjusted basis, a 7.3 percent increase over the current AmSouth rate," said Dowd Ritter rit·ter n. pl. ritter A knight. [German, from Middle High German riter, from Middle Dutch ridder, from r , AmSouth's chairman, president, and chief executive officer. "We expect the dividend declaration to be structured so that dividend payments to shareholders are uninterrupted," Ritter said. AmSouth holds Mergent's "Dividend Achiever" designation for its record of increasing dividends for 35 consecutive years, an honor accorded just 3 percent of U.S.-listed, dividend-paying publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . AmSouth also was named to Forbes magazine's Platinum 400 list, a prestigious ranking of the best big companies in America. Regions has paid and increased its dividends for 35 consecutive years as well, going back to its formation in 1971. Regions has been recognized for its long history of consecutive annual dividend increases as well as its dividend yield, currently approximating 3.7 percent, and by being included in the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Select Dividend Index. About AmSouth AmSouth is a regional bank holding company with $54 billion in assets, 700 branch banking offices and more than 1,200 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
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