Key Developments: Zions Bancorporation (ZION.OQ)

ZION.OQ on NASDAQ Stock Exchange Global Select Market

29.37USD
10 Jul 2014
Price Change (% chg)

$-0.37 (-1.24%)
Prev Close
$29.74
Open
$29.32
Day's High
$29.51
Day's Low
$29.24
Volume
728,799
Avg. Vol
618,052
52-wk High
$33.33
52-wk Low
$26.79

Search Stocks

Latest Key Developments (Source: Significant Developments)

Zions Bancorporation Announces Completion Of Non-Cumulative Perpetual Preferred Stock Offering
Friday, 17 May 2013 12:18pm EDT 

Zions Bancorporation announced that it successfully priced its offering of 300,893 shares of Series I fixed/floating rate non-cumulative perpetual preferred stock in an underwritten public transaction. The dividend rate was determined through an online modified Dutch auction process administered by Zions Direct, Inc. The public offering price of each share is equal to the liquidation preference per share, or $1,000.00. The dividend rate for the fixed rate period, which runs from the issuance date to, but not including, June 15, 2023, is 5.80%. The dividend rate for the floating rate period, which begins on June 15, 2023, will be equal to three-month LIBOR plus a spread of 3.80%. Zions intends to use the net cash proceeds from this offering for general corporate purposes, which may include the redemption of certain securities. Deutsche Bank Securities Inc., Goldman, Sachs & Co., Keefe, Bruyette & Woods, Inc., Macquarie Capital (USA) Inc. and Zions Direct served as underwriters and joint book-running managers for the offering. Zions Direct served as the auction service provider.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Friday, 19 Apr 2013 03:31pm EDT 

Zions Bancorporation announced that its board of directors declared a regular quarterly dividend on its outstanding common stock of $0.04 per common share, an increase from the previous dividend of $0.01 per common share. The dividend is payable May 30, 2013, to shareholders of record on May 23, 2013. The board of directors also declared the regular quarterly cash dividends on the company's various perpetual preferred shares. The cash dividends on the Series A, C, F and G shares are payable on June 15, 2013, to shareholders of record on June 1, 2013.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Thursday, 7 Feb 2013 07:00am EST 

Zions Bancorporation announced that its board of directors declared a regular quarterly dividend of $0.01 per common share. The dividend is payable February 25, 2013, to shareholders of record on February 18, 2013. The board of directors also declared the regular quarterly cash dividends on the Company's various perpetual preferred shares. The cash dividends on the Series A, C, and F shares are payable on March 15, 2013, to shareholders of record on March 1, 2013.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Tuesday, 13 Nov 2012 03:03pm EST 

Zions Bancorporation announced that the dividend is payable on November 29, 2012, to shareholders of record on November 23, 2012. The Board Of Directors also declared the regular quarterly cash dividends on the Company's various perpetual preferred shares. The cash dividends on the Series A, C, and F shares are payable on December 15, 2012 to shareholders of record on December 1, 2012.  Full Article

Zions Bancorporation Declares Dividends For Common And Preferred Shares
Thursday, 9 Aug 2012 09:00am EDT 

Zions Bancorporation announced that its board of directors have declared a regular quarterly dividend of $0.01 per common share. The dividend is payable August 29, 2012, to shareholders of record on August 23, 2012. The board of directors also declared the regular quarterly cash dividends on the Company's various perpetual preferred shares. The cash dividends on the Series A, C, and F shares are payable on September 15, 2012, to shareholders of record on September 1, 2012.  Full Article

Zions Bancorporation to Re-Submit Capital Plan After Failing Stress Tests

(The following statement was released by the rating agency) CHICAGO, March 24 (Fitch) Zions Bancorporation (ZION) recently failed the Dodd-Frank Act Stress Tests (DFAST) conducted by the Federal Reserve. In the severely adverse stress test scenario, ZION's ending Tier 1 common equity ratio was 3.6%, well below the 5.0% threshold for passing the test set by regulators. ZION plans to submit a new capital plan soon that will include actions including reduction of risk or increases in capital t

Search Stocks