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AmSouth Bancorporation Board Increases Dividend 4 Percent; 35th Year of Consecutive Dividend Increases; Yield Reaches 4.2 Percent.


BIRMINGHAM, Ala. -- 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

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) announced today that its Board of Directors increased the company's quarterly dividend 4 percent to $.26 per common share, payable Jan. 2, 2006, to shareholders of record as of Dec. 20, 2005. Based on the new dividend rate, AmSouth's dividend yield as of October 19, 2005, would be 4.2 percent.

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.
.

About AmSouth

AmSouth is a regional bank holding company with over $50 billion in assets, more than 685 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
  • Control secondary market, offer the ability to up-grade and trade-in.
  • Converts cash buyers of small machines to larger, more expensive purchases.
, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.
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Comment:AmSouth Bancorporation Board Increases Dividend 4 Percent; 35th Year of Consecutive Dividend Increases; Yield Reaches 4.2 Percent.
Publication:Business Wire
Geographic Code:1USA
Date:Oct 20, 2005
Words:175
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