Zions Bancorporation’s Board Approves Share Repurchase and Declares Dividends on Common and Preferred Stock
July 23 2021 - 2:03PM
Business Wire
Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that
its board of directors (“board”) authorized a share repurchase for
the third quarter of 2021 of up to $125 million.
The board also declared a regular quarterly dividend of $0.38
per common share, payable August 19, 2021 to shareholders of record
at the close of business on August 12, 2021.
Additionally, the board declared regular quarterly cash
dividends on the company's various perpetual preferred shares, as
detailed below.
The cash dividend on the following series are payable September
15, 2021 to shareholders of record on September 1, 2021:
- Series A (NASDAQ: ZIONP; CUSIP: 98973A104);
- Series G (NASDAQ: ZIONO; CUSIP: 989701859); and
- Series J (CUSIP: 989701BF3)
The cash dividend on the Series I (CUSIP: 989701BD8) shares is
payable on December 15, 2021 to shareholders of record on December
1, 2021.
Zions has obtained the requisite regulatory approval to allow
Zions to timely execute on this authorization.
Zions Bancorporation, N.A. is one of the nation's premier
financial services companies with annual net revenue of $2.8
billion in 2020 and more than $85 billion of total assets. Zions
operates under local management teams and distinct brands in 11
western states: Arizona, California, Colorado, Idaho, Nevada, New
Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a
consistent recipient of national and state-wide customer survey
awards in small and middle-market banking, as well as a leader in
public finance advisory services and Small Business Administration
lending, recently ranking as the tenth largest provider in the U.S.
of the SBA’s Paycheck Protection Program loans (including both
rounds). In addition, Zions is included in the S&P 500 and
NASDAQ Financial 100 indices. Investor information and links to
local banking brands can be accessed at
zionsbancorporation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210723005456/en/
James Abbott Director of Investor Relations (801) 844‐7637
Zions Bancorporation NA (NASDAQ:ZION)
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