01—Abstract
Summary
Summary of the 8-K filed October 17, 2024. Cited figures are marked; the original filing is the authoritative source.
Huntington Bancshares Incorporated announced on October 17, 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 January 2, 2025, to shareholders of record on December 18, 2024. The Board also declared quarterly cash dividends on five series of preferred stock: Floating Rate Series B ($19.02227465 per share, equivalent to $0.4755569b per depositary receipt share), 5.625% Series F ($1,406.25 per share, or $14.0625 per depositary share), 4.450% Series G ($1,112.50 per share, or $11.1250 per depositary share), 4.5% Series H ($11.25 per share, or $0.28125 per depositary share), and 6.875% Series J ($17.19 per share, or $0.42975 per depositary share). All five preferred dividends are payable January 15, 2025, to holders of record on January 1, 2025.
The filing is a routine capital-return notice under Item 8.01 (Other Events). It attaches a news release describing the declarations and identifies Huntington as a $201 billionc asset regional bank holding company headquartered in Columbus, Ohio, with 975 branches in 12 states.
02—Key points
Key Highlights
- Common stock quarterly cash dividend declared at $0.155 per share, unchanged from the prior quarter.
- Common dividend payable January 2, 2025, to shareholders of record on December 18, 2024.
- Quarterly cash dividends declared on five preferred stock series, all payable January 15, 2025, to holders of record on January 1, 2025.
- Preferred dividends per share range from $11.25 (Series H) to $1,406.25 (Series F) per share, with depositary share equivalents from $0.28125 to $14.0625.
- Huntington is described as a $201 billion asset regional bank holding company headquartered in Columbus, Ohio.
- Huntington operates 975 branches in 12 states, according to the attached news release.
03—Questions
Frequently Asked Questions
What dividend did Huntington declare on its common stock?
The Board declared a quarterly cash dividend of $0.155 per common share, unchanged from the prior quarter. It is payable January 2, 2025, to shareholders of record on December 18, 2024.
When are the preferred stock dividends payable?
All five preferred stock quarterly cash dividends are payable January 15, 2025, to shareholders of record on January 1, 2025.
Which preferred stock series received dividend declarations?
The Board declared dividends on the Floating Rate Series B, 5.625% Series F, 4.450% Series G, 4.5% Series H (Nasdaq: HBANP), and 6.875% Series J (Nasdaq: HBANL) Non-Cumulative Perpetual Preferred Stock.
What is the per-depositary-share value of the Series H preferred dividend?
The Series H dividend is $11.25 per share, equivalent to $0.28125 per depositary share.
What is the size and footprint of Huntington?
The news release describes Huntington as a $201 billion asset regional bank holding company headquartered in Columbus, Ohio, operating 975 branches in 12 states.
04—Continue