Regions Financial Corporation Plans Quarterly Dividend of $0.27 (NYSE:RF)

Regions Financial Corporation (NYSE:RF) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.265 per share by the bank on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, March 2nd.

Regions Financial has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Regions Financial has a payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Regions Financial to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 42.7%.

Regions Financial Trading Down 0.3%

Shares of NYSE:RF opened at $30.34 on Thursday. The stock’s 50-day simple moving average is $27.63 and its two-hundred day simple moving average is $26.32. The stock has a market capitalization of $26.61 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.06 and a beta of 1.04. Regions Financial has a 52-week low of $17.74 and a 52-week high of $30.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts expect that Regions Financial will post 2.26 EPS for the current year.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.