Regions Financial 5.70% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C

By: ,

Date Issued  4/23/2019

Shares Issued  20,000,000   NO Over-allotment Shares

S&P Rating   BB+   Moodys Rating   Ba1


Security Ticker Symbol   RF-C   OTC Temporary Ticker   RXFCL

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 8/15/2019

Quarterly Dividend .356    Annual Dividend   1.425

The coupon will be fixed until 8/15/2029 after which the dividend will float at 3 month libor plus 3.148%

Securities may be redeemed, at the issuers option, as early as 8/15/2029 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None



Company Investor Relations Page for Regions Financial

Click here to find the offering Prospectus and/or Final Pricing Document


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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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