Hancock Whitney Will increase Quarterly Dividend 11%; Renews Share Repurchase Authorization
GULFPORT, Miss., January 26, 2023–(BUSINESS WIRE)–Hancock Whitney Corporation (Nasdaq: HWC) right this moment introduced that at its January assembly, the Firm’s Board of Administrators (“the Board”) permitted an everyday first quarter 2023 frequent inventory money dividend of $0.30 per frequent share, a rise of $0.03 per frequent share, or 11%. The primary quarter dividend is payable on March 15, 2023 to shareholders of file as of March 6, 2023.
Moreover, in the course of the January assembly, the Board approved a inventory buyback program (the “Inventory Buyback Program”) pursuant to which the Firm could, on occasion, buy as much as 4,297,000 shares of its excellent frequent inventory (roughly 5% of the shares of frequent inventory excellent as of December 31, 2022), changing the earlier inventory buyback program that expired on December 31, 2022.
The Inventory Buyback Program expires on December 31, 2024. The shares could also be repurchased within the open market, by block buy, via accelerated share repurchase plans, in privately negotiated transactions or in any other case, in a number of transactions, on occasion, relying upon market circumstances and different elements, and in accordance with relevant rules of the Securities and Trade Fee. The Inventory Buyback Program could also be terminated or amended by the Board at any time previous to the expiration date.
About Hancock Whitney
For the reason that late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Power & Stability, Dedication to Service, Teamwork, and Private Accountability. Hancock Whitney places of work and monetary facilities in Mississippi, Alabama, Florida, Louisiana, and Texas supply complete monetary services, together with conventional and on-line banking; industrial and small enterprise banking; non-public banking; belief and funding companies; healthcare banking; and mortgage companies. The corporate additionally operates a mortgage manufacturing workplace in Nashville, Tennessee. Extra info is on the market at www.hancockwhitney.com.
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Trisha Voltz Carlson, EVP, Investor Relations Supervisor
504.299.5208 or [email protected]