Regions Financial Corporation (NYSE:RF – Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.30 per share by the bank on Monday, January 4th. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, December 1st.
Regions Financial has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 12 years. Regions Financial has a dividend payout ratio of 48.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Regions Financial to earn $2.85 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 42.1%.
Regions Financial Trading Down 0.5%
Shares of RF stock opened at $26.88 on Thursday. Regions Financial has a 1 year low of $22.70 and a 1 year high of $32.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $29.28 and its two-hundred day simple moving average is $28.97. The company has a market cap of $22.90 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05.
Regions Financial Company Profile
Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama. Through its principal subsidiary, Regions Bank, the company provides banking and related financial services to consumers, businesses, and institutions.
Regions offers a range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services.
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