Huntington Bancshares Incorporated has declared a quarterly dividend of $0.2812 per share for its 4.500% preferred stock (HBANP), maintaining its previous payout. This dividend, which offers a forward yield of 6.59%, is payable on July 15 to shareholders of record as of July 1, with an ex-dividend date also set for July 1.
This consistent dividend policy reflects Huntington’s stable financial position and commitment to returning value to shareholders. The bank has recently received an upgrade to Neutral from Piper Sandler, indicating a positive shift in sentiment as the company aims for an 18%-19% return on tangible common equity (ROTCE) by 2027. Additionally, Huntington is lifting its fee growth outlook to 31%-33%, which could enhance earnings potential moving forward.
For investors, the reaffirmed dividend and growth targets signal a robust outlook for Huntington, making HBANP an attractive option for income-focused portfolios amid a competitive yield environment.
Source: seekingalpha.com