GREEN BAY, Wis., July 22, 2014 /PRNewswire/ — The Board of Directors of Associated Banc-Corp (NASDAQ:ASBC) (Company) declared a regular quarterly cash dividend of $0.09 per common share, payable on September 15, 2014, to shareholders of record at the close of business on September 2, 2014.
The Board of Directors also declared a regular quarterly cash dividend of $0.50 per depositary share on the Company’s 8.00% Series B Perpetual Preferred Stock payable on September 15, 2014, to shareholders of record on September 2, 2014.
As of July 22, 2014, there is $115.9 million remaining under the Company’s previously authorized and announced common stock repurchase programs. While repurchases under such programs have approximated $30 million per quarter for several quarters, the Company may vary the amount of quarterly purchases depending on market conditions and other factors. Repurchases under such programs are subject to regulatory limitations and may occur from time to time in open market purchases, block transactions, private transactions, accelerated share repurchase programs or similar facilities.