BIRMINGHAM, Ala. (BUSINESS WIRE) – The Regions Financial Corporation (NYSE:RF) Board of Directors today declared a quarterly cash dividend of 36 cents per share, payable Jan. 2, 2007, to stockholders of record as of Dec. 21, 2006, representing a 3 percent increase over the previous dividend rate. This is the 36th consecutive year Regions has increased its dividend, and it is the 143rd consecutive quarter in which the company has paid cash dividends, going back to its formation in 1971.
Regions has been recognized for its long history of consecutive annual dividend increases as well as its dividend yield, which will approximate 4 percent at the new rate, and by being included in the Dow Jones Select Dividend Index.
About Regions
Regions Financial Corporation is a member of the S&P 100 Index and, with more than $140 billion in assets, one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates some 2,000 AmSouth and Regions banking offices and a 2,800-ATM network. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 300 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Contacts
Regions Financial Corporation
Media Relations: Rick Swagler, 205-801-0105
or
Investor Relations: List Underwood, 205-801-0265
