Truist Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Truist Financial Corporation (NYSE: TFC) has announced a quarterly cash dividend of $0.45 per common share, payable on March 1, 2021, for shareholders on record by February 12, 2021. Additionally, regular cash dividends for various series of preferred stock have also been declared, with payment dates aligning on March 1, 2021, and March 15, 2021 for some. Truist, headquartered in Charlotte, NC, is the sixth-largest commercial bank in the U.S., boasting total assets of $509 billion as of December 31, 2020.

Positive

• Quarterly cash dividend of $0.45 per common share indicates strong shareholder returns.
• Truist remains financially robust with total assets of $509 billion.

Negative

• None.

CHARLOTTE, N.C., Jan. 26, 2021 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.45 per common share, payable on March 1, 2021, to shareholders of record at the close of business on February 12, 2021.

The Board also declared regular cash dividends on the following series of preferred stock:

Series of Preferred Stock	Dividend per Share	Dividend per Depositary Share	Record Date	Payment Date
Series F Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q851)	$325.00	$0.325	February 12	March 1
Series G Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q844)	$325.00	$0.325	February 12	March 1
Series H Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q836)	$351.5625	$0.3515625	February 12	March 1
Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810)	$1,000.00	$0.25	February 12	March 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,000.00	$10.00	February 12(1)	March 15
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1)	$600.00	$24.00	February 12	March 1(2)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	February 12	March 1
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6)	$892.50	$35.70	February 12	March 1(2)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	February 12	March 1

Notes:

(1)  In accordance with the Amended and Restated Declaration of Trust of SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be February 28, 2021.

(2)  Dividends per share and dividends per depositary share for Series N and Series Q are declared and paid semiannually.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With the combined history of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation

FAQ

What is the dividend amount declared by Truist Financial Corporation in January 2021?

Truist Financial Corporation declared a quarterly cash dividend of $0.45 per common share.

When will Truist Financial Corporation pay dividends for common shares?

The dividends for common shares will be paid on March 1, 2021.

What are the record dates for the dividends announced by Truist Financial Corporation?

The record date for common shares is February 12, 2021.

What preferred stock dividends were declared by Truist Financial Corporation?

Truist declared dividends for various series of preferred stock, including Series F, G, H, and others with different amounts.

What is the payment date for the preferred stock dividends declared by Truist?

Most preferred stock dividends will be paid on March 1, 2021, while Series I and J will be paid on March 15, 2021.