Zions Bancorporation Board Declares Dividends and Additional Capital Actions
January 31 2020 - 3:57PM
Business Wire
Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that
its board of directors declared a regular quarterly dividend of
$0.34 per common share, payable February 20, 2020 to shareholders
of record on February 13, 2020.
Additionally, the Board approved a plan to purchase up to $75
million of common shares during the first quarter of 2020.
Zions continues to utilize stress testing as its primary
mechanism to inform its decisions on the appropriate level of
capital, based upon actual and reasonably probable stressed
economic conditions. Zions’ hypothetical post stress capital
results, as can be found on its website, are substantially stronger
than regulatory minimum capital guidelines.
The board of directors also declared regular quarterly cash
dividends on the company's various perpetual preferred shares. The
cash dividend on the Series A (NASDAQ: ZIONP; CUSIP: 98973A104),
Series G (NASDAQ: ZIONO; CUSIP: 989701859), Series H (NASDAQ:
ZIONN; CUSIP: 989701834), and Series J (CUSIP: 989701BF3) shares
are payable March 15, 2020 to shareholders of record on March 1,
2020, while the cash dividend on the Series I (CUSIP: 989701BD8)
shares is payable on June 15, 2020 to shareholders of record on
June 1, 2020.
Zions Bancorporation, N.A. is one of the nation's premier
financial services companies with annual net revenue of $2.8
billion in 2019 and approximately $70 billion of total assets.
Zions operates under local management teams and distinct brands in
11 western states: Arizona, California, Colorado, Idaho, Nevada,
New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Bank
is a consistent national and statewide leader of customer survey
awards in small and middle-market banking, as well as a national
leader in Small Business Administration lending and public finance
advisory services. In addition, Zions is included in the S&P
500 and NASDAQ Financial 100 indices. Investor information and
links to local banking brands can be accessed at
zionsbancorporation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200131005591/en/
James Abbott Director of Investor Relations Tel: (801)
844‐7637
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