Huntington Bancshares Incorporated (NASDAQ:HBAN) Declares $0.16 Quarterly Dividend

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Wednesday, June 17th will be paid a dividend of 0.155 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, June 17th.

Huntington Bancshares has increased its dividend payment by an average of 0.0%per year over the last three years. Huntington Bancshares has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Bancshares to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 32.5%.

Huntington Bancshares Stock Down 2.0%

Shares of HBAN stock traded down $0.34 during mid-day trading on Friday, hitting $16.50. The stock had a trading volume of 1,575,465 shares, compared to its average volume of 31,806,689. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $33.60 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.72 and a beta of 0.95. Huntington Bancshares has a 12-month low of $14.19 and a 12-month high of $19.45. The firm’s 50-day moving average is $16.33 and its two-hundred day moving average is $16.72.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period in the prior year, the business posted $0.34 EPS. On average, analysts predict that Huntington Bancshares will post 1.61 earnings per share for the current fiscal year.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.