Item 8.01 Other Events.
On January 22, 2021, Huntington Bancshares Incorporated ("Huntington")
announced that the board of directors declared a quarterly cash dividend on its
common stock (Nasdaq: HBAN) of $0.15 per common share, unchanged from the prior
quarter. The common stock cash dividend is payable April 1, 2021, to
shareholders of record on March 18, 2021. In addition, the Board declared
quarterly cash dividends on its six series of preferred stock. The Board
declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative
Perpetual Preferred Stock (CUSIP#: 446150500) of $7.35312676 per share
(equivalent to $0.1838282 per depositary receipt share). The Board declared a
quarterly cash dividend on its 5.875% Series C Non-Cumulative Perpetual
Preferred Stock (Nasdaq: HBANN) of $14.69 per share (equivalent to $0.36725 per
depositary receipt share). The Board declared a quarterly cash dividend on its
6.25% Series D Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANO) of
$15.625 per share (equivalent to $0.390625 per depositary receipt share). The
Board declared a quarterly cash dividend on its 5.70% Series E Fixed-to-Floating
Rate Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AL8) of $1,425.00
per share (equivalent to $14.25 per depositary receipt share). The Board
declared a quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset
Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per
share (equivalent to $14.0625 per depositary share). Finally, the Board declared
a quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative
Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent
to $11.1250 per depositary share). All six preferred stock cash dividends are
payable April 15, 2021, to their respective shareholders of record on April 1,
2021.
A copy of the press release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1 - News release of Huntington Bancshares Incorporated, dated January
22, 2021.
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