Zions Bancorporation announces two shareholder-return actions: it authorizes a $75 million share repurchase program and increases its quarterly dividend. According to the sources, the dividend rises by 6.7% to $0.48 per share. The buyback authorization provides a defined amount for the company to repurchase shares, while the dividend increase signals a higher regular cash distribution to common shareholders. Both actions are presented as part of Zions’ capital return plans and follow the company’s decision to adjust its payouts on a quarterly basis. No additional deal terms, timing details, or regulatory conditions are provided in the supplied excerpts beyond the stated authorization size and the revised dividend per share. The combined measures indicate the company is committing to returning capital through both repurchases and increased dividend payments.
Zions Bancorporation authorizes $75M share buyback and raises quarterly dividend
Zions Bancorporation announces two shareholder-return actions: it authorizes a $75 million share repurchase program and increases its quarterly dividend. According to the sources, the dividend rises b...
2 sources
8 hours ago
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Key Points
- Zions Bancorporation authorizes a $75 million share buyback.
- Zions raises its quarterly dividend.
- The quarterly dividend increases by 6.7%.
- The new quarterly dividend rate is $0.48 per share.
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