Zions Bancorporation's board of directors declared a regular quarterly dividend of $0.43 per common share. This represents a 4.9% increase from the previous quarterly dividend, demonstrating the company's commitment to shareholder returns.
The increased dividend is payable on November 21, 2024, to shareholders of record as of the close of business on November 14, 2024. This action provides a direct financial benefit to common shareholders.
The dividend hike is supported by the company's solid liquidity and capital position, which management expects to sustain capital distributions. This move signals confidence in Zions Bancorporation's financial health and future earnings capacity.
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