Huntington Bancshares board raises dividend, approves stock repurchase program

theflyonthewall.com

Huntington announced two capital actions approved by the Board of Directors. First, they declared a quarterly cash dividend on the company’s common stock of 5c per common share. This represents a 1c per share, or 25%, increase from the prior quarter’s dividend. The dividend is payable July 1 to shareholders of record on June 17. Second, the Board also approved the repurchase of up to $227M of common stock. The new repurchase authorization represents a $45M, or 25%, increase from the recently completed common stock repurchase authorization. Both actions were proposed in the January capital plan, which received no objections from the Federal Reserve.

Rates

View Comments (0)

Recommended for You