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Huntington Bancshares 8-K Report, Corporate Update (Jan 19, 2024)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed January 19, 2024
Period End
January 19, 2024
In the record · 2016–202610-K1110-Q338-K254

HBAN filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 254 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Aug ’16Aug ’16
  2. Leadership change8-K · May ’22May ’22
  3. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed January 19, 2024. Cited figures are marked; the original filing is the authoritative source.

Huntington Bancshares Incorporated announced on January 19, 2024 that its Board of Directors declared a quarterly cash dividend of $0.155a per common share, unchanged from the prior quarter.

The common stock dividend is payable April 1, 2024, to shareholders of record on March 18, 2024. The filing is a routine Item 8.01 Other Events notice furnishing the related news release as Exhibit 99.1. The Board also declared quarterly cash dividends on six series of preferred stock: Floating Rate Series B, 5.70%b Series E, 5.625% Series F, 4.450% Series G, 4.5% Series H (Nasdaq: HBANP), and 6.875% Series J (Nasdaq: HBANL).

All six preferred dividends are payable April 15, 2024, to holders of record on April 1, 2024. Per-share amounts range from $0.5172250c per depositary receipt share for Series B to $21.139 per depositary share for Series E.

The news release describes Huntington as a $189 billiond asset regional bank holding company headquartered in Columbus, Ohio, operating approximately 1,000 branches in 11 states. For investors, the filing signals a steady capital return posture, with the common dividend held flat at the prior quarter's level.

02—Key points

Key Highlights

  1. Common stock quarterly cash dividend of $0.155 per share, unchanged from the prior quarter
  2. Common dividend payable April 1, 2024, to shareholders of record on March 18, 2024
  3. Quarterly cash dividends declared on six series of preferred stock
  4. Preferred dividends payable April 15, 2024, to holders of record on April 1, 2024
  5. Series H (HBANP) and Series J (HBANL) preferred stock dividends of $11.25 and $17.19 per share, respectively
  6. Huntington described as a $189 billion asset regional bank holding company headquartered in Columbus, Ohio
  7. Press release furnished as Exhibit 99.1 under Item 9.01

03—Questions

Frequently Asked Questions

  1. How much is Huntington paying in common stock dividends?

    The Board declared a quarterly cash dividend of $0.155 per common share, unchanged from the prior quarter, payable April 1, 2024, to shareholders of record on March 18, 2024.

  2. When are the preferred stock dividends payable?

    All six series of preferred stock dividends are payable April 15, 2024, to their respective shareholders of record on April 1, 2024.

  3. What are the preferred dividend amounts per share?

    Floating Rate Series B: $20.6890000 per share ($0.5172250 per depositary receipt share). 5.70% Series E: $2,113.90 per share ($21.139 per depositary receipt share). 5.625% Series F: $1,406.25 per share ($14.0625 per depositary share). 4.450% Series G: $1,112.50 per share ($11.1250 per depositary share). 4.5% Series H (HBANP): $11.25 per share ($0.28125 per depositary share). 6.875% Series J (HBANL): $17.19 per share ($0.42975 per depositary share).

  4. Is this dividend announcement a change in capital return policy?

    No change is indicated. The common dividend of $0.155 per share is unchanged from the prior quarter, and the filing does not describe any change to the preferred stock terms.

  5. Where can investors find more detail on this announcement?

    The filing attaches the news release dated January 19, 2024 as Exhibit 99.1, which contains the full dividend announcement and company background.

04—Continue

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