Zions Bancorporation has declared its first dividend for this year. The bank's quarterly payout will be $0.01 per common share, to be disbursed Feb. 25 to stockholders of record as of Feb. 18.

The company has paid $0.01 every quarter since August 2009. Prior to that, the company handed out $0.04 per share. The current dividend equates to a yield of 0.2% on the current share price of $23.96.

2012 marked a transitional year for the bank, as it paid back the TARP funds loaned to it by the government during the financial crisis.


The article Zions Bancorp Declares Quarterly Dividend of $0.01 originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Zions Bancorporation. The Motley Fool has no position in Zions Bancorporation. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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