Zions Bancorporation

The board of directors of Zions Bancorporation approved repurchases of common stock of up to $75 million for Q3 2026 as part of the annual target of $300 million. The regular quarterly dividend was increased by $0.03 to $0.48 per common share and will be paid on August 20, 2026 to shareholders of record on August 13, 2026. A regular cash dividend was also declared for the perpetual preferred stock, Series A; payment to holders on September 15, 2026, record date September 1, 2026. » Mere på de.investing.com

Zions Bancorporation issued $500 million of senior notes maturing on October 1, 2029. A 5.239% fixed rate applies through September 30, 2028; from October 1, 2028 the coupon resets to Compounded SOFR plus 1.08%. The offering, with Goldman Sachs, J.P. Morgan and RBC as bookrunners, is intended to reduce short-term liabilities; a fair-value hedge was entered for the fixed-rate period. Settlement of the transaction is expected this week, subject to customary conditions. » Mere på de.investing.com

The stock of Zions Bancorporation fell to a 52-week low of $18.12 and trades at a P/E ratio of 8.79 with a PEG of 0.2. Year-to-date the share price is down about 20.69%, and down 16.61% over the past 12 months. The company yields a dividend of 6.16% and approved an additional share buyback of up to $225 million, raising the annual buyback target to $300 million. » Mere på de.investing.com