Regions Financial Corporation (RF) to Issue Quarterly Dividend of $0.30 on October 1st

Regions Financial Corporation (NYSE:RF) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.30 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 13.2% increase from Regions Financial’s previous quarterly dividend of $0.27.

Regions Financial has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Regions Financial has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Regions Financial to earn $2.84 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 37.3%.

Regions Financial Trading Up 2.8%

NYSE RF opened at $32.35 on Friday. The firm has a market cap of $27.61 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.22 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50-day moving average is $28.87 and its 200-day moving average is $28.22. Regions Financial has a one year low of $22.70 and a one year high of $32.47.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Regions Financial will post 2.6 earnings per share for the current fiscal 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.