ZION Buyback

Zions Bancorporation Buyback

OLI recorded this information on 7/26/2018

Company:

Zions Bancorporation

Buyback:

ZION buyback

$Amount Authorized:

$185,000,000

Buyback Details:

Zions Bancorporation (NASDAQ: ZION) announced today that its board of directors declared a regular quarterly dividend of $0.30 per common share, payable August 23, 2018 to shareholders of record on August 16, 2018. This represents an increase of 150% from the dividend paid in the year ago period, and a 25% increase over the dividend paid in the second quarter of 2018. Additionally, the Board approved a plan to repurchase $185 million of common shares during the third quarter of 2018. Consistent with its previous public statements on the matter, and subject to results of ongoing internal stress testing, Zions intends to reduce its capital ratios to levels similar to or slightly stronger than the median levels of its peer group. Assuming economic conditions remain generally stable, Zions intends to accomplish the reduction of its capital ratios in an orderly fashion over the next six to eight quarters.

Zions provides a range of banking products and related services. Some of the products and services Co. provides include: commercial business banking, which includes municipal and public finance services, merchant and payment processing services, corporate cards, capital markets, syndication, and foreign exchange services, and term real estate lending; retail banking, which includes residential mortgages, home equity lines of credit, personal lines of credit and installment consumer loans, depository account services, consumer cards, and personal trust services; and wealth management and private client banking, which provides various wealth management solutions to customers.

ZION SEC Filing Email Alerts Service

ZION — Key Stats (updated 21 hours, 22 minutes ago)

Company Name:	Zions Bancorporation, N.A.
Stock buyback:	ZION buyback
Website:	www.zionsbancorporation.com
Sector:	Banking & Savings
Number of ETFs Holding ZION:	72
Total Market Value Held by ETFs:	$1.10B
Total Market Capitalization:	$5.85B
% of Market Cap. Held by ETFs:	18.80%

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Zions Bancorporation Buyback

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