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

Regions Financial Corporation (NYSE:RF) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.30 per share by the bank on Thursday, October 1st. This represents a c) annualized dividend and a yield of 3.8%. 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 payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Regions Financial has a payout ratio of 43.1% indicating that 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 1.9%

NYSE:RF opened at $31.50 on Thursday. Regions Financial has a 1 year low of $22.70 and a 1 year high of $31.55. 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 stock has a fifty day moving average price of $28.78 and a two-hundred day moving average price of $28.18. The stock has a market capitalization of $26.88 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.20 and a beta of 1.00.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Regions Financial will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Regions Financial

Several institutional investors and hedge funds have recently made changes to their positions in RF. Darwin Wealth Management LLC acquired a new stake in shares of Regions Financial during the second quarter valued at $25,000. SouthState Bank Corp raised its stake in Regions Financial by 94.1% in the 4th quarter. SouthState Bank Corp now owns 1,110 shares of the bank’s stock valued at $30,000 after purchasing an additional 538 shares during the last quarter. Spire Wealth Management lifted its holdings in Regions Financial by 91.5% in the 4th quarter. Spire Wealth Management now owns 1,166 shares of the bank’s stock valued at $32,000 after purchasing an additional 557 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of Regions Financial by 260.4% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,182 shares of the bank’s stock worth $32,000 after purchasing an additional 854 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Regions Financial during the 4th quarter worth about $33,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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.