Regions Financial Corporation (NYSE:RF) will begin trading ex-dividend on December 3, 2020. The quarterly dividend payment of $ 0.155 per share is scheduled to be paid on January 4, 2021. The dividend yield based on the latest trading day closing price was 3.91 percent. Shareholders who purchased RF shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Regions Financial Corporation recently reported second quarter financial results on July 17, 2020, before market open, banking and services provider unwinded loss for the second quarter of $ 0.23 per share, from the revenue of $ 1,544.00 million. The quarterly revenues grew 7.52 percent compared with the same quarter last year. According to street consensus, RF was expected to report 2Q20 income of $ 0.06 per share from revenue of $ 1467.26 million. The bottom line results missed street analysts by $ 0.29 or 483.33 percent, at the same time, top line results outshined analysts by $ 76.74 million or 5.23 percent.
Stock Performance
Shares of Regions Financial Corporation traded up $ 0.60 or 3.93 percent on Tuesday, reaching $ 15.87 with volume of 8.69 million shares. Regions Financial Corporation has traded high as $ 16.05 and has cracked $ 15.60 on the downward trend
According to the previous trading day, closing price of $ 15.87, representing a 120.03 % increase from the 52 week low of $ 6.94 and a 12.94 % decrease over the 52 week high of $ 17.54.
The company has a market capital of $ 15.24 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
