Huntington Bancshares Incorporated (HBAN) to Issue Quarterly Dividend of $0.15 on January 4th

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, December 18th will be given a dividend of $0.1550 per share by the bank on Monday, January 4th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, December 18th.

Huntington Bancshares has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Huntington Bancshares to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 35.0%.

Huntington Bancshares Stock Up 0.4%

Shares of NASDAQ:HBAN opened at $15.73 on Friday. Huntington Bancshares has a 1 year low of $14.82 and a 1 year high of $19.45. The company has a market cap of $31.78 billion, a PE ratio of 13.00, a P/E/G ratio of 1.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $16.12 and its 200 day moving average is $16.66.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the company posted $0.41 EPS. Sell-side analysts anticipate that Huntington Bancshares will post 1.54 EPS for the current year.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.