Associated Announces Increase in Common Stock Dividend and Planned Share Repurchase Program
The Board of Directors of Associated Banc-Corp (NASDAQ: ASBC) has declared a regular quarterly cash dividend of $0.08 per common share, payable on December 17, 2012, to shareholders of record at the close of business on December 3, 2012.
The Board of Directors has also declared a regular quarterly cash dividend of $0.50 per depositary share on Associated Banc-Corp's 8.00% Series B Perpetual Preferred Stock to shareholders of record at the close of business on December 3, 2012, with the dividend payable date of December 15, 2012, and an actual payment date of Monday, December 17, 2012.
The Board also authorized the repurchase of up to $125 million of Associated Banc-Corp's common stock. Such repurchases are subject to regulatory approval and may occur from time to time in open markets or privately negotiated transactions.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.