BIRMINGHAM, Ala. (BUSINESS WIRE) — Oct. 17, 2007 — The Regions Financial Corporation (NYSE:RF) Board of Directors today declared a quarterly cash dividend of 38 cents per share, payable January 2, 2008, to stockholders of record as of December 19, 2007. This represents an increase of 5.6 percent over the previous quarter and is the 37th consecutive year in which the company has increased the dividend. It is also the 147th consecutive quarter in which the company has paid cash dividends, going back to its formation in 1971.
Regions has been recognized for its long history of consecutive annual dividend increases as well as its dividend yield, which will approximate 5.3 percent at the new rate, by being included in the Dow Jones Select Dividend Index.
About Regions
Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine's "Platinum 400" list of America's best big companies. With $138 billion in assets, Regions is one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 2,000 AmSouth and Regions banking offices and nearly 2,600 ATMs. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 400 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.
CONTACT: Regions Financial Corporation
Media Relations:
Linda Germany Childs, 205/264-5690
or
Investor Relations:
List Underwood, 205/801-0265
SOURCE: Regions Financial Corporation
