Huntington Bancshares sets a stock split.

COLUMBUS, Ohio -- Huntington Bancshares said its board has approved a five-for-four stock split, effective July 29 to shareholders of record July 15.

The $16.5 billion-asset company also declared a regular cash dividend of 20 cents a share for the second quarter.

Huntington said the split, in effect, raises the cash dividend 25%. The company has raised the dividend every year since it was incorporated 1966.

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