The $0.2781 payout on RF.PR.E represents a 6.85% forward yield, payable to shareholders of record on Sept. 1.
Regions Financial Corporation’s depositary shares for its 1/40th Perpetual Preferred Series E (RF.PR.E) will distribute a $0.2781 per-share quarterly dividend. The payout equates to a 6.85% forward yield based on current pricing.
The dividend is payable on September 15 to shareholders of record as of September 1, with an ex-dividend date set for September 1. The company’s prior dividend for the series was consistent with this level, reflecting stable payouts for preferred shareholders.
No immediate market reaction was disclosed in the announcement.