Truist Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Truist Financial Corporation (NYSE: TFC) announced a quarterly cash dividend of $0.45 per common share, payable on June 1, 2021, to shareholders of record by May 14, 2021. Additionally, dividends were declared for various series of preferred stock, including Series H ($351.5625), Series I ($1,022.22222), Series J ($1,022.22222), Series L ($2,525.00), Series M ($2,562.50), Series O ($328.125), Series P ($618.75), and Series R ($296.875), all payable on June 1 or June 15, 2021, depending on the series.

Positive

• Regular quarterly dividend of $0.45 per share reflects strong shareholder returns.
• Total assets of $518 billion as of March 31, 2021, indicating robust financial health.

Negative

• None.

CHARLOTTE, N.C., April 27, 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 June 1, 2021, to shareholders of record at the close of business on May 14, 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 H Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q836)	$351.5625	$0.3515625	May 14	June 1
Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810)	$1,022.22222(1)	$0.25556(1)	May 14	June 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,022.22222(1)	$10.22222(1)	May 14(2)	June 15
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$2,525.00	$25.25	May 14	June 15(3)
Series M Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAC3)	$2,562.50	$25.625	May 14	June 15(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	May 14	June 1
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAE9)	$618.75	$24.75	May 14	June 1(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	May 14	June 1

Notes:
(1)	In the table, dividends per share and dividends per depositary share for Series I and Series J are rounded to the hundred-thousandths position for the convenience of the reader.  Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series I are $1,022.22222222222222 and $0.25555555555556, respectively.  Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series J are $1,022.22222222222222 and $10.22222222222222, respectively.
(2)	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 May 31, 2021.
(3)	Dividends per share and dividends per depositary share for Series L, Series M, and Series P are declared and paid semiannually.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals 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 $518 billion as of March 31, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation

FAQ

What is the dividend amount for TFC stock?

The dividend amount for TFC stock is $0.45 per common share.

When is the TFC dividend payment date?

The TFC dividend payment date is June 1, 2021.

What are the preferred stock dividend amounts for TFC?

Preferred stock dividends for TFC include Series H ($351.5625), Series I ($1,022.22222), Series J ($1,022.22222), Series L ($2,525.00), Series M ($2,562.50), Series O ($328.125), Series P ($618.75), and Series R ($296.875).

What is the record date for the TFC dividend?

The record date for the TFC common stock dividend is May 14, 2021.

How often does Truist declare dividends?

Truist typically declares dividends quarterly for common stock and semiannually for preferred stock.