Zions Bancorporation Announces Declared Dividends for Investors
Zions Bancorporation Declares Quarterly Dividends
Zions Bancorporation, N.A. (NASDAQ: ZION) has made an important announcement regarding its ongoing commitment to rewarding shareholders. The board of directors has declared a regular quarterly dividend of $0.43 per common share. This dividend will be payable to shareholders of record at the close of business on a specified date, aiming to enhance shareholder value and provide consistent returns.
Details of the Dividend Declaration
In addition to the common stock dividends, the board has also declared a cash dividend on the company’s Series A perpetual preferred shares (NASDAQ: ZIONP) that demonstrates the firm’s strength and reliability in financial distributions. This dividend will be issued to shareholders of record, reinforcing Zions Bancorporation’s dedication to its investors.
The Financial Health of Zions Bancorporation
Zions Bancorporation is recognized as one of the nation’s premier financial services providers, showcasing total assets of approximately $89 billion. This robust financial standing is complemented by an annual revenue of about $3.1 billion for the previous year, indicating the company's steady growth and profitability in an evolving market.
Strategic Operations across the West
Operating under diverse brands across 11 western states, Zions Bancorporation employs local management teams to cater to the unique banking needs of its clientele. The company excels in small- and middle-market banking, and it is well-regarded in public finance advisory services and Small Business Administration lending. These operational strategies firmly position Zions as a leader in the financial sector.
Recognition and Affiliations
Moreover, Zions Bancorporation is frequently recognized through various national and state-wide customer survey awards. It is also included in prestigious indices such as the S&P MidCap 400 and NASDAQ Financial 100, showcasing its credibility and influence in the financial realm.
Accessing Investor Information
Shareholders and potential investors can easily access relevant investor information and explore the company’s various local banking brands through online platforms. This transparency aids in fostering ongoing relationships with both existing and potential stakeholders in the financial market.
Frequently Asked Questions
What is the declared dividend for Zions Bancorporation’s common shares?
The declared quarterly dividend for common shares is $0.43 per share.
Who is eligible to receive the declared dividends?
Shareholders who are on the record as of the specified close of business date are eligible to receive the declared dividends.
What is the significance of the Series A preferred shares?
The Series A preferred shares provide an additional avenue for investors to receive dividends, reflecting the company’s financial health.
How is Zions Bancorporation recognized in the financial industry?
Zions Bancorporation is recognized for its numerous awards in small- and middle-market banking and its leadership in public finance advisory services.
What indices include Zions Bancorporation?
Zions Bancorporation is included in the S&P MidCap 400 and NASDAQ Financial 100 indices.
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