HUNTINGTON BANCSHARES INC - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Huntington Bancshares Incorporated on October 17, 2024. The filing reports on corporate actions taken by the Board of Directors regarding dividend declarations for the company's common and preferred stock.
Key Financial Metrics
The filing does not provide comprehensive financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on dividend declarations.
Material Changes and Dividend Declarations
The Board of Directors declared the following quarterly cash dividends:
- Common Stock: $0.155 per share, unchanged from the prior quarter.
- Preferred Stock Series B (Floating Rate): $19.02227465 per share ($0.4755569 per depositary receipt share).
- Preferred Stock Series F (5.625% Fixed-Rate Reset): $1,406.25 per share ($14.0625 per depositary share).
- Preferred Stock Series G (4.450% Fixed-Rate Reset): $1,112.50 per share ($11.1250 per depositary share).
- Preferred Stock Series H (4.5% Fixed-Rate Reset): $11.25 per share ($0.28125 per depositary share).
- Preferred Stock Series J (6.875% Fixed-Rate Reset): $17.19 per share ($0.42975 per depositary share).
Payment and Record Dates
- Common Stock: Payable January 2, 2025, to shareholders of record on December 18, 2024.
- Preferred Stock (All Series): Payable January 15, 2025, to shareholders of record on January 1, 2025.
Outlook, Risks, and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the standard dividend announcement. The common dividend rate remained stable compared to the previous quarter.
Investor Verification Checklist
- Verify the record date of December 18, 2024, for common stock eligibility.
- Confirm the record date of January 1, 2025, for preferred stock eligibility.
- Note that the common dividend of $0.155 per share is unchanged from the prior quarter.
- Review the specific CUSIP numbers for preferred stock series if holding specific tranches.