Regions Financial Corporation (RF) to Issue Quarterly Dividend of $0.27 on July 1st

Regions Financial Corporation (NYSE:RF) declared a quarterly dividend on Wednesday, April 15th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.265 per share by the bank on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, June 1st.

Regions Financial has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive 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 $2.85 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 37.2%.

Regions Financial Price Performance

Shares of NYSE:RF opened at $28.00 on Friday. Regions Financial has a fifty-two week low of $20.79 and a fifty-two week high of $31.53. The business has a 50-day simple moving average of $27.23 and a two-hundred day simple moving average of $27.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $23.89 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.02.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. Regions Financial’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect that Regions Financial will post 2.61 earnings per share 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.