Regions Financial Corporation Increases Quarterly Common Dividend and Declares Preferred Stock Dividends

Increased dividends on common stock to be payable October 2; dividends on preferred stock to be payable in August and September.

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) Board of Directors today voted to increase its quarterly common dividend to be paid in October 2023. The Board also declared cash dividends on its Series B preferred shares, Series C preferred shares, Series D preferred shares and Series E preferred shares. Dividends payable during the next three months will include the following:

• A cash dividend of $0.24 on each share of outstanding common stock of the Company, payable on Oct. 2, 2023, to stockholders of record at the close of business on Sept. 1, 2023. The dividend of $0.24 represents a 20% increase over Regions’ previous quarterly common dividend.

• A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on Sept. 15, 2023, to stockholders of record at the close of business on Sept. 1, 2023.

• A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Aug. 15, 2023, to stockholders of record at the close of business on Aug. 1, 2023.

• A cash dividend of $1,437.50 per share of Series D Preferred Stock (equivalent to approximately $14.375 per depositary share), payable on Sept. 15, 2023, to stockholders of record at the close of business on Sept. 1, 2023.

• A cash dividend of $11.125 per share of Series E Preferred Stock (equivalent to approximately $0.278125 per depositary share), payable on Sept. 15, 2023, to stockholders of record at the close of business on Sept. 1, 2023.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $154 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.