As part of its 2017 capital plan (approved by the Federal Reserve), Regions Financial Corporation 's ( RF - Free Report ) board of directors announced a 29% hike in the company's quarterly common stock dividend. The revised quarterly dividend now comes in at 9 cents per share compared with the previous figure of 7 cents. This dividend will be paid on Sep 29 to shareholders of record as of Sep 8, 2017. Since 2013, Regions has been raising its dividend annually. From paying 1cent a share as quarterly dividend during the financial crisis, the company has come a long way in displaying its capital strength. Prior to this hike, the company had raised its dividend by 7.7% (from 6.5 cents to 7 cents per share) in Apr 2017. Considering Thursday's closing price of $14.39 per share, the dividend yield is currently valued at 2.5%.