Regions Financial Corporation (NYSE:RF) to Issue Quarterly Dividend of $0.30

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 (NYSE:RF – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Research analysts predict that Regions Financial will post 2.63 earnings per share for the current year.

Regions Financial Company Profile

(Get Free Report)

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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Dividend History for Regions Financial (NYSE:RF)

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