2026-03-30 21:32:46
Huntington Bancshares Declares Quarterly Cash Dividends on Series I and Series L Preferred Stock
Expected Stock impact: Slightly Positive
On March 30, 2026, Huntington Bancshares Incorporated announced that its Board of Directors has declared and set aside a quarterly cash dividend on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) amounting to $356.25 per share, which is equivalent to $0.35625 per depositary share. This dividend is scheduled to be payable on June 1, 2026, to shareholders of record as of May 15, 2026. Additionally, the Board declared a quarterly cash dividend on the 5.50% Series L Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANZ) of $343.75 per share, equivalent to $0.34375 per depositary share, payable on May 20, 2026, to shareholders of record on April 30, 2026. These dividends reflect the company's ongoing commitment to return value to its shareholders and indicate a stable financial position. The announcement is expected to have a small positive effect on the stock price as it demonstrates the company's ability to generate sufficient earnings to support dividend payments. The press release detailing these dividends is attached as Exhibit 99.1 to the Form 8-K filing.
