Associated Banc-Corp (ASBC) Raises Quarterly Dividend 11.1% to $0.10; $120M Stock Buyback Plan

Associated Banc-Corp (NASDAQ: ASBC) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. This is an 11.1% increase from the prior dividend of $0.09. The dividend will be payable on December 15, 2014, to stockholders of record on December 1, 2014, with an ex-dividend date of November 26, 2014. The annual yield on the dividend is 2.2 percent.

In addition, the Board authorized the repurchase of up to $120 million of Associated's common stock. This repurchase authorization is in addition to the previously authorized common stock repurchase program announced on March 18, 2014. There remains approximately $55 million under the previous authorization, or approximately $175 million in the aggregate. Repurchases under such programs are subject to regulatory limitations and may occur from time to time in open market purchases, block transactions, accelerated share repurchase programs or similar facilities.

"We are pleased to announce an increase in Associated's dividend," said President and CEO Philip B. Flynn. "We see this dividend increase as delivering on our commitment to enhance shareholder value."

For a dividend history and other dividend-related data on Associated Banc-Corp (ASBC) click here.

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