Huntington Bancshares (HBAN) will raise its quarterly dividend by 27.3 percent to $0.14 per share in the third quarter of 2018. This marks the 8th consecutive year of annual dividend increases by the bank holding company.

The common stock cash dividend is payable October 1, 2018, to shareholders of record on September 17, 2018. The new annual dividend of 56 cents per share yields 3.7% at a stock price of $15.37.

"Our performance and outlook allow us to materially increase our quarterly cash dividend," said Steve Steinour, chairman, president, and CEO. "The dividend increase deploys capital in line with our consistently-stated capital priorities: to fund organic growth first, to increase our quarterly dividend, and then other uses including returning capital via share repurchases. 2018 will be the eighth consecutive year of an increased dividend."

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides auto dealer, equipment finance, national settlement and capital market services.