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HUNTINGTON BANCSHARES INCORPORATED

(HBAN)
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HUNTINGTON BANCSHARES INCORPORATED : ANNOUNCES INCREASE TO QUARTERLY CASH DIVIDEND ON ITS COMMON STOCK AND DECLARES QUARTERLY CASH DIVIDENDS ON ITS PREFERRED STOCKS - Form 8-K

10/22/2021 | 11:14am EST
HUNTINGTON BANCSHARES INCORPORATED ANNOUNCES INCREASE TO QUARTERLY CASH DIVIDEND ON ITS COMMON STOCK AND DECLARES QUARTERLY CASH DIVIDENDS ON ITS PREFERRED STOCKS

COLUMBUS, Ohio - 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.


Disclaimer

Huntington Bancshares Incorporated published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 15:13:05 UTC.


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Financials (USD)
Sales 2021 6 031 M - -
Net income 2021 1 259 M - -
Net Debt 2021 - - -
P/E ratio 2021 15,0x
Yield 2021 3,96%
Capitalization 22 232 M 22 232 M -
Capi. / Sales 2021 3,69x
Capi. / Sales 2022 3,29x
Nbr of Employees 20 908
Free-Float 96,7%
Chart HUNTINGTON BANCSHARES INCORPORATED
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Huntington Bancshares Incorporated Technical Analysis Chart | HBAN | US4461501045 | MarketScreener
Technical analysis trends HUNTINGTON BANCSHARES INCORPORATED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 15,37 $
Average target price 17,72 $
Spread / Average Target 15,3%
EPS Revisions
Managers and Directors
Stephen D. Steinour Chairman, President & Chief Executive Officer
Zachary J. Wasserman Chief Financial Officer & Senior Executive VP
Paul G. Heller Senior EVP, Chief Operations & Technology Officer
David L. Porteous Lead Independent Director
Richard Westman Neu Independent Director
Sector and Competitors