Zions Bancorporation’s Board Approves Share Repurchase and Declares Dividends on Common and Preferred Stock

(NASDAQ: ZION) announced today that its board of directors (board) authorized a share repurchase for the second quarter of 2022 of up to $50 million.

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Retrieved on: 
Friday, April 29, 2022
Information
Tags: 
Banking, Professional Services, Finance, Small business, CUSIP, Zions Bancorporation, Share repurchase, NASDAQ Financial-100, Small Business Administration, NASDAQ, Bank, Series, Holding company
Geotags: 
UTAH, UNITED STATES, NORTH AMERICA, ARIZONA, CALIFORNIA, IDAHO, WASHINGTON, NEW MEXICO, WYOMING, COLORADO, OREGON, NEVADA, TEXAS
Stock Symbol: 
NASDAQ:ZION
Summary
Key Points: 
  • (NASDAQ: ZION) announced today that its board of directors (board) authorized a share repurchase for the second quarter of 2022 of up to $50 million.
  • The board also declared a regular quarterly dividend of $0.38 per common share, payable May 26, 2022 to shareholders of record at the close of business on May 19, 2022.
  • Additionally, the board declared regular quarterly cash dividends on the company's various perpetual preferred shares, as detailed below.
  • Zions has obtained the requisite regulatory approval to allow Zions to timely execute on this authorization.


Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors (“board”) authorized a share repurchase for the second quarter of 2022 of up to $50 million.

The board also declared a regular quarterly dividend of $0.38 per common share, payable May 26, 2022 to shareholders of record at the close of business on May 19, 2022.

Additionally, the board declared regular quarterly cash dividends on the company's various perpetual preferred shares, as detailed below.

The cash dividend on the following series are payable June 15, 2022 to shareholders of record on June 1, 2022:

  • Series A (NASDAQ: ZIONP; CUSIP: 98973A104);
  • Series G (NASDAQ: ZIONO; CUSIP: 989701859); and
  • Series I (CUSIP: 989701BD8)

The cash dividend on the Series J (CUSIP: 989701BF3) shares is payable on September 15, 2022 to shareholders of record on September 1, 2022.

Zions has obtained the requisite regulatory approval to allow Zions to timely execute on this authorization.

Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $2.9 billion in 2021 and more than $90 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 recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending, ranking as the tenth largest provider in the U.S. of the SBA’s Paycheck Protection Program loans. 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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