Huntington Bancshares (HBAN) will raise its quarterly dividend by 7.1 percent to $0.15 per share in 2019. This marks the 9th consecutive year of annual dividend increases by the bank holding company.

The next common stock cash dividend is payable October 1, 2019, to shareholders of record on September 17, 2019. A new annualized rate of 60 cents per share yields 4.3% at a stock price of $13.88.

"The Board is pleased to be able to reward our shareholders with a dividend increase on the common stock for the seventh consecutive year," said Steve Steinour, chairman, president, and CEO.  "Our strategy is designed to deliver sustained top quartile financial performance, which results in robust capital generation.  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."

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.