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Regions reports increase in quarterly dividend

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Birmingham, Ala.-based Regions Financial Corp., the holding company for Regions Bank, has declared a quarterly dividend that’s up 3 percent from the previous period.

Regions’ board of directors Dec. 11 approved a dividend of 36 cents per share, payable Jan. 2 to stockholders of record as of Dec. 21. This is the 36th consecutive year Regions has increased its dividend.

Shares of Regions (NYSE: RF) closed Friday at $37.28, compared to a 52-week range of $32.37 to $39.15.

The $140 billion-asset company has three Springfield banking branches.

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