COLUMBUS, Ohio, July 18, 2018 /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 $0.14
per common share, up $0.03, or 27%,
from the prior quarter. The common stock cash dividend is
payable October 1, 2018, to
shareholders of record on September 17,
2018.
"Our performance and outlook allow us to materially increase our
quarterly cash dividend," said Steve
Steinour, chairman, president, and CEO. "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. 2018 will be the eighth consecutive
year of an increased dividend."
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
$12.59797183 per share (equivalent to
$0.3149493 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, 2018, to their respective
shareholders of record on October 1,
2018.
About Huntington
Huntington Bancshares Incorporated is a regional bank holding
company headquartered in Columbus,
Ohio, with $104 billion of
assets and a network of 966 branches and 1,866 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