Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock to Pay Quarterly Dividend of $0.15

Huntington Bancshares Incorporated (NASDAQ:HBAN) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, December 18th will be given a dividend of $0.1550 per share by the bank on Monday, January 4th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, December 18th.

Huntington Bancshares has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Huntington Bancshares to earn $1.77 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 35.0%.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $15.53 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The firm has a market cap of $31.38 billion, a PE ratio of 12.05, a P/E/G ratio of 1.00 and a beta of 0.95. Huntington Bancshares has a 12 month low of $14.82 and a 12 month high of $19.45. The stock has a fifty day moving average price of $16.16 and a 200-day moving average price of $16.66.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the company posted $0.41 EPS. Equities research analysts predict that Huntington Bancshares will post 1.54 earnings per share for the current fiscal year.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.