01—Abstract
Summary
Summary of the 8-K filed June 18, 2024. Cited figures are marked; the original filing is the authoritative source.
Huntington Bancshares Incorporated filed this Form 8-K on June 18, 2024, under Item 8.01 (Other Events) to report that its Board of Directors declared and set aside a quarterly cash dividend on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share, equivalent to $0.35625a per depositary share.
The dividend is payable September 3, 2024, to shareholders of record on August 15, 2024. The filing is a routine capital-return announcement affecting only the preferred stock class; it does not address common stock dividends, earnings, or other financial results. The full details are contained in the attached press release, Exhibit 99.1, which is dated June 18, 2024, and carries the same dividend information.
The press release also describes Huntington as a $194 billionb asset regional bank holding company headquartered in Columbus, Ohio, with approximately 970 branches in 11 states. For investors, the key takeaways are the dividend amount, the payment date, and the record date.
Because the preferred stock is non-cumulative, a missed payment would not accumulate, a feature the filing does not discuss but which is inherent to the security's description. The filing is informational and does not disclose any new financial results, transactions, or management changes.
02—Key points
Key Highlights
- Board declared a quarterly cash dividend of $356.25 per share on the 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM).
- Each depositary share (1/1000th interest in a preferred share) equals a dividend of $0.35625.
- Dividend is payable September 3, 2024, to shareholders of record on August 15, 2024.
- Announcement was made under Item 8.01 (Other Events) and disclosed via press release Exhibit 99.1.
- The press release describes Huntington as a $194 billion asset regional bank holding company headquartered in Columbus, Ohio.
- Huntington operates approximately 970 branches in 11 states, per the press release boilerplate.
- The filing covers only the preferred dividend and does not include common stock dividend, earnings, or other financial results.
03—Questions
Frequently Asked Questions
What dividend did Huntington declare in this filing?
The Board of Directors declared and set aside a quarterly cash dividend of $356.25 per share on the 5.70% Series I Non-Cumulative Perpetual Preferred Stock, equivalent to $0.35625 per depositary share.
When will the dividend be paid and who is eligible to receive it?
The dividend is payable September 3, 2024, to shareholders of record on August 15, 2024.
Which security does the dividend apply to?
It applies to the 5.70% Series I Non-Cumulative Perpetual Preferred Stock, traded on Nasdaq under the symbol HBANM. Each depositary share represents a 1/1000th interest in a share of this preferred stock.
Does this filing report on Huntington's financial results or common stock dividend?
No. The filing is limited to the preferred stock dividend declaration under Item 8.01. It does not report earnings, financial results, or a common stock dividend.
Where can investors find more detail on this announcement?
The filing attaches a press release as Exhibit 99.1, dated June 18, 2024, which repeats the dividend terms and includes company background information.
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