Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY

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SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
Preferred Stock
The following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding as of March 31, 2021.
(dollar amounts in millions)
Series Issuance Date Total Shares Outstanding Carrying Amount Dividend Rate Earliest Redemption Date
Series B 12/28/2011 35,500  $ 23  3-mo. LIBOR + 270 bps 1/15/2017
Series D 3/21/2016 400,000  386  6.25  % 4/15/2021
Series D 5/5/2016 200,000  199  6.25  % 4/15/2021
Series C 8/16/2016 100,000  100  5.875  % 10/15/2021
Series E 2/27/2018 5,000  495  5.700  % 4/15/2023
Series F 5/27/2020 5,000  494  5.625  % 7/15/2030
Series G 8/3/2020 5,000  494  4.450  % 10/15/2027
Series H 2/2/2021 500,000  485  4.500  % 4/15/2026
Total 1,250,500  $ 2,676 
Series B, D, C and H of preferred stock have a liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends. Series E, F, and G stock have a liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends. All preferred stock has no stated maturity and redemption is solely at our option. Under current rules, any redemption of the preferred stock is subject to prior approval of the FRB.
The following table presents the dividends declared for each series of Preferred shares for the three-month periods ended March 31, 2021 and 2020:
Three Months Ended March 31,
2021 2020
(amounts in millions, except per share data) Cash Dividend Declared Per Share Cash Dividend Declared Per Share
Preferred Series Amount ($) Amount ($)
Series B $ 7.35  $ —  $ 11.33  $ (1)
Series C 14.69  (2) 14.69  (1)
Series D 15.63  (9) 15.63  (9)
Series E 1,425.00  (7) 1,425.00  (7)
Series F 1,406.25  (7) —  — 
Series G 1,112.50  (6) —  — 
Total $ (31) $ (18)