Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on Series A, B, and D Preferred Stocks

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Huntington Bancshares Incorporated (HBI), a leading regional bank holding company, announced a distribution of quarterly cash dividends to holders of its Series A, B, and D Preferred Stocks. This move reflects the company’s commitment to rewarding its preferred shareholders for their continued investment.

The Board of Directors declared a dividend of $21.25 per share for holders of the 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (HBANP). This translates to a healthy payout for investors who hold these shares. The dividend will be distributed on October 17, 2016, to shareholders whose names appear on the company’s records as of October 1, 2016, which is known as the record date.

For investors holding the Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500), the Board declared a quarterly cash dividend of $8.45025352 per share. This translates to $0.2112563 per depositary receipt share. Similar to Series A, the dividend will be paid on October 17, 2016, to shareholders of record on October 1, 2016.

Finally, the Board also declared a dividend of $15.625 per share for holders of the 6.25% Series D Non-Cumulative Perpetual Preferred Stock (HBANO). This translates to $0.390625 per depositary receipt share. Following the established pattern, the dividend will be distributed on October 17, 2016, to shareholders of record on October 1, 2016.

This announcement highlights Huntington Bancshares’ commitment to delivering consistent returns to its preferred shareholders. The quarterly cash dividends provide a predictable source of income for investors who hold these preferred stock offerings.