Regions Financial Corp (NYSE:RF) declared a quarterly dividend on Thursday, October 18th, RTT News reports. Shareholders of record on Friday, December 7th will be given a dividend of 0.14 per share by the bank on Wednesday, January 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.29%.

Regions Financial has increased its dividend payment by an average of 21.9% per year over the last three years and has raised its dividend every year for the last 5 years. Regions Financial has a payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Regions Financial to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 35.4%.

Regions Financial stock opened at $17.04 on Friday. Regions Financial has a 1-year low of $14.68 and a 1-year high of $20.21. The firm has a market capitalization of $19.11 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 0.88.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, July 20th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Regions Financial had a net margin of 22.77% and a return on equity of 9.46%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts predict that Regions Financial will post 1.42 EPS for the current year.

In other Regions Financial news, Director Susan W. Matlock sold 24,000 shares of Regions Financial stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $18.50, for a total value of $444,000.00. Following the sale, the director now owns 14,914 shares of the company’s stock, valued at $275,909. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP C. Keith Herron sold 23,186 shares of Regions Financial stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $18.76, for a total transaction of $434,969.36. Following the completion of the sale, the executive vice president now directly owns 204,537 shares in the company, valued at approximately $3,837,114.12. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.

A number of research analysts have weighed in on the stock. B. Riley set a $20.00 price objective on shares of Regions Financial and gave the company a “hold” rating in a research note on Monday. Vining Sparks reissued a “buy” rating and set a $22.00 price target on shares of Regions Financial in a research report on Tuesday, October 9th. Wedbush set a $22.00 price target on shares of Regions Financial and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, Robert W. Baird raised shares of Regions Financial from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.23.

Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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Dividend History for Regions Financial (NYSE:RF)

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