Preferred Stock Channel
Regions Financial Corp (New) | 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (RF.PRC)

Prospectus excerpt:  We are offering 20,000,000 depositary shares each representing a 1/40th ownership interest in a share of our 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, par value $1 per share (“Preferred Stock”), with a liquidation preference of $1,000 per share of Preferred Stock (equivalent to $25 per depositary share). As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the depositary. We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors (or a duly authorized committee of our board of directors). Dividends will accrue and be payable from the date of issuance quarterly in arrears, on February 15, May 15, August 15 and November 15 of each year, beginning on August 15, 2019. The Preferred Stock will initially bear interest at a fixed rate per annum of 5.700% from the date of issuance to, but excluding, August 15, 2029, and will bear interest thereafter at a floating rate per annum equal to three-month LIBOR on the related dividend determination date (as defined herein) plus 3.148%. Upon payment of any dividends on the Preferred Stock, holders of depositary shares are expected to receive a proportionate payment. Dividends on the Preferred Stock will not be cumulative and will not be mandatory.

Full Prospectus PDF », RF Page »

Alternate symbology:RF-C, RF-PC, RFprC
Call Date:5/15/2029
Shares Offered:20,000,000
Liquidation Preference:$25
Recent Market Price:$27.25
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.25 (9.00%)
Annualized Dividend:1.425
Recent Ex-Date:1/29/2021
Current Yield:5.23%
Original Coupon:5.70%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
Regions Financial is a banking holding company. Through its subsidiaries, Co. has the following segments: Corporate Bank, which represents its commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, branch small business loans, indirect loans, consumer credit cards and other consumer loans; and Wealth Management, which provides credit related products, trust and investment management, asset management, retirement and savings solutions and estate planning.

Preferreds: RF.PRZ, RF.PRA, RF.PRB, RF.PRC

Open the RF Information Page »
Name:  Regions Financial Corp (New)
Sector:  Banking & Savings
Number of ETFs Holding RF:  117 (see which ones)
Total Market Value Held by ETFs:  $3,693,810,353.76
Total Market Capitalization:  $20,280,000,000
% of Market Cap. Held by ETFs:  18.21%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Regions Financial Corp (New) | 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (RF.PRC) Information Page | Preferred Stock Channel | | Copyright © 2011 - 2021, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.