Regions Financial said on February 14, 2024 that its board of directors declared a regular quarterly dividend of $0.24 per share ($0.96 annualized). Previously, the company paid $0.24 per share.
Shares must be purchased before the ex-div date of February 29, 2024 to qualify for the dividend. Shareholders of record as of March 1, 2024 will receive the payment on April 1, 2024.
At the current share price of $18.44 / share, the stock's dividend yield is 5.21%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.08%, the lowest has been 2.65%, and the highest has been 8.03%. The standard deviation of yields is 1.05 (n=234).
The current dividend yield is 1.07 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.43. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.55%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1529 funds or institutions reporting positions in Regions Financial. This is a decrease of 2 owner(s) or 0.13% in the last quarter. Average portfolio weight of all funds dedicated to RF is 0.18%, a decrease of 5.50%. Total shares owned by institutions increased in the last three months by 0.73% to 828,327K shares. 
The put/call ratio of RF is 1.04, indicating a bearish outlook.
Analyst Price Forecast Suggests 12.04% Upside
As of January 18, 2024, the average one-year price target for Regions Financial is 20.66. The forecasts range from a low of 16.66 to a high of $25.20. The average price target represents an increase of 12.04% from its latest reported closing price of 18.44.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Regions Financial is 8,030MM, an increase of 14.37%. The projected annual non-GAAP EPS is 2.67.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 55,775K shares representing 6.04% ownership of the company. In it's prior filing, the firm reported owning 53,824K shares, representing an increase of 3.50%. The firm decreased its portfolio allocation in RF by 84.36% over the last quarter.
VEIPX - Vanguard Equity Income Fund Investor Shares holds 30,958K shares representing 3.35% ownership of the company. In it's prior filing, the firm reported owning 24,180K shares, representing an increase of 21.89%. The firm increased its portfolio allocation in RF by 29.14% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 29,118K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 29,362K shares, representing a decrease of 0.84%. The firm decreased its portfolio allocation in RF by 0.65% over the last quarter.
Jpmorgan Chase holds 22,560K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 22,183K shares, representing an increase of 1.67%. The firm decreased its portfolio allocation in RF by 88.88% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 22,552K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 22,342K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in RF by 0.24% over the last quarter.
Regions Financial Background Information
(This description is provided by the company.)
Regions Financial Corporation, with $147 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 1,300 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC.
Additional reading:
- Bill Rhodes has been appointed to the Regions Financial Corp. and Regions Bank Board of Directors, effective March 1, 2024.
- Investor Information February - March 2024 Exhibit 99.1 2 Table of Contents Topic Page # Profile and Strategy 3-10 Asset / Liability Management 11-19 Fees & Expenses 20-26 Business Segment Highlights 27-31 Loans & Deposits 32-39 Capital, Debt & Liqui
- Record performance. Solid foundation. Regions reports 2023 earnings of $2.0 billion, earnings per diluted share of $2.11 $7.6 billion in total revenue reflects 5 percent year-over-year growth
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