COLUMBUS, Ohio, Oct. 22, 2021 /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 $0.155 per common share, up $0.005, or 3%, from the prior quarter. The
common stock cash dividend is payable on January 3, 2022, to shareholders of record on
December 17, 2021.
"The Board is pleased to announce an increase to our common
stock dividend as part of our capital allocation strategy," said
Steve Steinour, chairman, president,
and CEO. "The dividend increase, coupled with our share repurchase
authorization, reflects our confidence in the outlook for
Huntington as well as our strong capital levels upon completion of
the TCF acquisition. We remain committed to our stated
capital priorities including funding organic growth, growing the
dividend over time, and other uses of capital including share
repurchases."
In addition, the Board declared quarterly cash dividends on five
series of its preferred stock. The Board declared a quarterly
cash dividend on its Floating Rate Series B Non-Cumulative
Perpetual Preferred Stock (CUSIP#: 446150500) of $7.05937324 per share (equivalent to $0.1764843 per depositary receipt share).
The Board declared a quarterly cash dividend on its 5.70% Series E
Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock
(CUSIP#: 446150AL8) of $1,425.00 per
share (equivalent to $14.25 per
depositary receipt share). The Board declared a quarterly
cash dividend on its 5.625% Series F Fixed-Rate Reset
Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of
$1,406.25 per share (equivalent to
$14.0625 per depositary share).
The Board declared a quarterly cash dividend on its 4.450% Series G
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#:
446150AV6) of $1,112.50 per share
(equivalent to $11.1250 per
depositary share). Finally, the Board declared a quarterly
cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative
Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share). All five
preferred stock cash dividends are payable on January 18, 2022, to their respective
shareholders of record on January 1,
2022.
About Huntington
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a
$175 billion asset regional bank
holding company headquartered in Columbus, Ohio. Founded in 1866, The
Huntington National Bank and its affiliates provide consumers,
small and middle–market businesses, corporations, municipalities,
and other organizations with a comprehensive suite of banking,
payments, wealth management, and risk management products and
services. Huntington operates more than 1,100 branches in 12
states, with certain businesses operating in extended
geographies. Visit Huntington.com for more information.
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SOURCE Huntington Bancshares Inc.