Huntington Bancshares (HBAN) has announced a dividend of $0.155 per share, with the ex-dividend date set for Jun 17, 2025, and the dividend payment date on Jul 1, 2025. This dividend is slightly lower than the average of the last ten dividends, which stands at $0.159 per share. The announcement was made on Apr 17, 2025. The previous dividend was also $0.155 per share and was distributed on Apr 1, 2025. Both dividends are classified as cash dividends.
Recently,
has been at the center of significant developments. Argent Institutional Trust Company has agreed to acquire the corporate trust and institutional custody business of
. This strategic move, announced by Argent’s CEO Kyle McDonald, is expected to strengthen Argent’s national presence and lead to the opening of new offices in Ohio, Michigan, and Indiana. The acquisition includes transferring key client relationships and personnel from Huntington to Argent, ensuring continuity and enhancing service capabilities.
Over the past week, Huntington's stock price target has been raised by analysts from $18 to $19, reflecting positive sentiment in the market. This adjustment comes amid cautious optimism among businesses, as indicated by Huntington’s CFO, who noted that loan growth is boosting profits despite tariff uncertainties. Analysts have maintained a Buy rating for
shares, underscoring confidence in the company's financial health and operational prospects.
Since the last update, Huntington Bancshares has announced plans to divest its corporate trust business, a move seen as a strategic effort to streamline operations. This decision has led to a 3.05% rise in the company's stock, highlighting investor confidence in the bank's direction. The divestiture is aimed at focusing on core banking services and maximizing operational efficiency, ensuring the company remains competitive in the evolving financial landscape.
In conclusion, Huntington Bancshares has demonstrated strategic agility and financial resilience through recent transactions and market activities. Investors should note that the ex-dividend date is Jun 17, 2025, marking the last opportunity to purchase shares and qualify for the upcoming dividend. Any purchases made after this date will not be eligible for the dividend payout.
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