Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on Its Series A and B Preferred Stocks
COLUMBUS, Ohio--(BUSINESS WIRE)-- Huntington Bancshares Incorporated announced that the board of directors has declared a quarterly cash dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (NASDAQ: HBANP) of $21.25 per share. The dividend is payable July 15, 2014, to shareholders of record on July 1, 2014. The board of directors also declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $7.31612676 per share (equivalent to $0.1829032 per depositary receipt share). The dividend is payable July 15, 2014, to shareholders of record on July 1, 2014.
Huntington Bancshares Incorporated is a $60 billion asset regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington’s six-state retail banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 700 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,500 ATMs. Through automotive dealership relationships within its six-state retail banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
Huntington Bancshares Incorporated
Todd Beekman, 614-480-3878
Mark Muth, 614-480-4720
Maureen Brown, 614-480-5512
Source: Huntington Bancshares Incorporated
Released April 16, 2014