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Huntington Bancshares logoHuntington Bancshares HBAN

The company said its board declared a quarterly cash dividend on Huntington's 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share ($0.35625 per depositary share), announced on September 13, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its board declared a quarterly cash dividend on Huntington's 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share ($0.35625 per depositary share), announced on September 13, 2024.

  2. The company said it will pay the Series I preferred stock quarterly dividend on December 2, 2024 to shareholders of record on November 15, 2024.

  3. The company said it has issued notice that it will redeem all 408,675 outstanding depositary shares, out of the 500,000 originally issued, on October 15, 2024, the redemption date. Each depositary share represents 1/100 interest in a share of 5.700% Series E preferred stock.

  4. The company said it will redeem Series E depositary shares at a redemption price of $1,000.00 per depositary share ($100,000 per Series E preferred share), for a total redemption at par of $408,675,000, plus declared and unpaid dividends of $21.5765 per depositary share.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Huntington Declares Quarterly Cash Dividend on Series I Preferred Stock

The company said its board declared a quarterly cash dividend on Huntington's 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share ($0.35625 per depositary share), announced on September 13, 2024.

Source · Based on the filing body and exhibits

Series I Preferred Dividend Payment and Record Dates

The company said it will pay the Series I preferred stock quarterly dividend on December 2, 2024 to shareholders of record on November 15, 2024.

Source · Based on the filing body and exhibits

Full Redemption Notice for Series E Preferred Stock

The company said it has issued notice that it will redeem all 408,675 outstanding depositary shares, out of the 500,000 originally issued, on October 15, 2024, the redemption date. Each depositary share represents 1/100 interest in a share of 5.700% Series E preferred stock.

Source · Based on the filing body and exhibits

Series E Redemption Price and Total Redemption Amount

The company said it will redeem Series E depositary shares at a redemption price of $1,000.00 per depositary share ($100,000 per Series E preferred share), for a total redemption at par of $408,675,000, plus declared and unpaid dividends of $21.5765 per depositary share.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.