Regions Financial announces 11% higher dividend of USD0.155 per share.
M2 EQUITYBITES-July 25, 2019-Regions Financial announces 11% higher dividend of USD0.155 per share
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The board of directors of Regions Financial Corporation (NYSE:RF) has authorised a dividend of USD0.155 per share of common stock, the company disclosed on Thursday.
This dividend is an increase of approximately 11% and will be paid on 1 October 2019 to stockholders of record at the close of business on 6 September 2019.
Additionally, the company will pay a cash dividend of USD15.9375 per share on its series A outstanding preferred stock (equivalent to about USD0.398438 per depositary share), USD15.9375 per share on its series B outstanding preferred stock (equivalent to about USD0.398438 per depositary share) and USD16.6250 per share of series C outstanding preferred stock (equivalent to about USD0.415625 per depositary share).
The series A and B dividends will be paid on 16 September 2019 to shareholders of record at the close of business on 3 September 2019. The series C dividend will be paid on 15 August 2019 to holders of record at the close of business on 5 August 2019.
Regions Financial has USD128bn in assets, is a member of the S&P 500 Index and is a full-service provider of consumer and commercial banking, wealth management and mortgage products and services. It serves customers across the South, Midwest, and Texas and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 25, 2019|
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