January 22, 2010 (FinancialWire) — The Regions Financial Corp. (NYSE: RF) board of directors has declared a quarterly cash dividend of one cent per common share, payable April 1, 2010, to stockholders of record as of March 18, 2010.

The board also authorized payment of a quarterly cash dividend of approximately $43.8 million for all of the company’s issued and outstanding Fixed Rate Cumulative Perpetual preferred stock, series A, payable on February 16, 2010, to the shareholder of record, the United States Treasury, as of January 29, 2010. Including this dividend, the company will have paid the U.S. government more than $219 million in dividends since 2009.

In addition, the board of directors authorized payment of a quarterly cash dividend related to 10% Mandatory convertible preferred stock, series B, in the amount of approximately $6.7 million, payable February 16, 2010, to stockholders of record as of January 29, 2010.

Alabama-based Regions Financial offers consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services in 16 states across the South, Midwest and Texas.

Through its subsidiary, Regions Bank, the company operates approximately 1,900 banking offices and 2,300 AT

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