Regions Financial Co. (RF) to Issue Quarterly Dividend of $0.25 on January 2nd

Regions Financial Co. (NYSE:RF) declared a quarterly dividend on Wednesday, October 16th,RTT News reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.25 per share by the bank on Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, December 2nd.

Regions Financial has increased its dividend payment by an average of 12.4% annually over the last three years and has raised its dividend every year for the last 12 years. Regions Financial has a dividend payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Regions Financial to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 43.9%.

Regions Financial Trading Up 0.0 %

RF opened at $27.26 on Friday. The firm’s fifty day moving average is $24.50 and its two-hundred day moving average is $22.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $24.78 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.82 and a beta of 1.16. Regions Financial has a twelve month low of $16.51 and a twelve month high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. Equities research analysts anticipate that Regions Financial will post 2.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RF. Citigroup lifted their price objective on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. Wedbush lifted their price objective on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. DA Davidson lifted their price objective on shares of Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. 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; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.