Regions Financial raises dividend 13.2% to $0.30 (NYSE:RF)

Regions Financial (RF) raised its quarterly dividend 13.2% to $0.30 a share, up from $0.27. The forward yield on the new payout is 3.81%. The dividend is payable Oct. 1 to shareholders of record Sept. 1; the ex-dividend date is also Sept. 1.

Regions, a Birmingham-based regional bank with a heavy Sunbelt footprint, has been expanding through deals. It completed the acquisition of Frazer Lanier earlier this year. The RF stock page shows an Alpha Score of 66 out of 100, a Moderate rating. The dividend increase comes after the bank reported steady earnings and a growing loan book in its most recent quarter.