Associated Banc-Corp Declares Quarterly Dividends and Share Buyback
Associated Banc-Corp (NYSE: ASB), a prominent banking entity in the Midwest, has recently made headlines with its declaration of a regular quarterly cash dividend amounting to $0.24 per common share. This dividend will be paid to shareholders of record, showcasing the company’s commitment to returning value to its investors.
Details on the Dividend Payments
The Board also confirmed additional dividends for its preferred stock series. Specifically, shareholders will receive $0.3671875 per depositary share for the 5.875% Series E Perpetual Preferred Stock and $0.3515625 for the 5.625% Series F Perpetual Preferred Stock. These dividends are set to be disbursed on the same payment date, further illustrating Associated's dedication to its varied investor base.
Stock Repurchase Initiative
In a strategic move to enhance shareholder value, Associated Banc-Corp has authorized the repurchase of up to $100 million worth of its common stock. This decision adds to the remaining authority from prior repurchase programs, reflecting the company’s strong financial performance and positive outlook in the current market environment.
About Associated Banc-Corp
Headquartered in Green Bay, Associated Banc-Corp manages assets totaling approximately $45 billion. As the largest bank holding company in Wisconsin, it serves as a leader in the regional banking sector, providing an array of financial services. The company operates nearly 200 banking locations across Wisconsin, Illinois, Minnesota, and Missouri. Additionally, it has established loan production offices in various states including Indiana and Texas, ensuring a broad reach in the market. Associated Bank, N.A. is dedicated to fair lending as an Equal Housing Lender and a member of the FDIC, further enhancing its reputation in the financial industry.
Commitment to Stakeholders and Community
Associated Banc-Corp underscores its focus on building lasting relationships with its stakeholders and communities it serves. By declaring dividends and initiating share repurchase plans, the company illustrates its strong financial health and ongoing commitment to delivering value. These actions also help foster trust and loyalty among its investors, which is integral for long-term success in the banking sector.
Frequently Asked Questions
What dividends has Associated Banc-Corp declared?
Associated Banc-Corp has declared a cash dividend of $0.24 per common share and additional dividends for its preferred stock series.
When will the dividends be paid?
The declared dividends are scheduled to be paid on the same date, March 16, 2026, to shareholders of record.
What is the authorized amount for the stock repurchase?
The Board has authorized a stock repurchase program of up to $100 million of Associated’s common stock.
How does Associated Banc-Corp support its communities?
Associated Banc-Corp actively engages in community development and supports local initiatives while providing banking products and services.
What is Associated Banc-Corp's asset size?
Associated Banc-Corp manages total assets of approximately $45 billion, making it the largest bank holding company in Wisconsin.
