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Associated sets dividend, plans share buyback

7:15 PM, Jul. 23, 2013  |  Comments
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Associated Banc-Corp Inc. declared a quarterly cash dividend of 8 cents per common share, payable Sept. 16 to shareholders of record on Sept. 3.

It declared a quarterly cash dividend of 50 cents per share on its 8% Series B Perpetual Preferred Stock, payable Sept. 16 to shareholders of record on Sept. 3.

The bank's directors also authorized the repurchase of up to $120 million of Associated common stock, in addition to authorization for $35 million remaining under a previous program. Also, it authorized the repurchase of up to $10 million in 8% Series B stock.

Associated Banc-Corp. has assets of $24 billion. It is headquartered in Green Bay and operates in eight states.

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