Huntington Bancshares Announces Ten Percent Stock Dividend
COLUMBUS, Ohio, May 19 /PRNewswire/ -- The board of directors of Huntington Bancshares Incorporated (Nasdaq: HBAN - news; www.huntington.com) today declared a regular second quarter cash dividend of $.20 per share payable July 1, 1999 to shareholders of record on June 16, 1999. The ex-dividend date will be June 14, 1999.
In addition, the board approved a ten percent stock dividend which will be distributed July 30, 1999 to shareholders of record on July 14, 1999. The ex- dividend date will be July 12, 1999. This marks the twenty-sixth consecutive year in which The Huntington has issued either a stock dividend or a stock split. It is the board's intention to maintain the quarterly cash dividend at $.20 per share subsequent to the distribution of the stock dividend, which represents an increase of 10% in the cash dividend paid to common shareholders. This stock dividend will result in an increase in the cash dividend for the thirty-ninth consecutive year.
Huntington Bancshares Incorporated (Nasdaq: HBAN - news) is a $29 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, The Huntington has more than 133 years of serving the financial needs of its customers. The Huntington provides innovative products and services through its more than 600 offices in Florida, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, South Carolina and West Virginia. International banking services are made available through the headquarters offices in Columbus and additional offices located in the Cayman Islands and Hong Kong. The Huntington also offers products and services through its technologically-advanced, 24-hour telephone bank, a network of more than 1,300 ATMs and its Web Bank at www.huntington.com.
SOURCE: Huntington Bancshares Incorporated |
