Truist Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Truist Financial Corporation (NYSE: TFC) announced a quarterly cash dividend of $0.48 per share, payable on March 1, 2022, to shareholders on record as of February 11, 2022. Additionally, cash dividends were declared for preferred stock series, including Series I, J, N, O, Q, and R, with payment dates ranging from March 1 to March 15, 2022. Truist, headquartered in Charlotte, NC, reported total assets of $541 billion as of December 31, 2021.

Positive

• Declared quarterly cash dividend of $0.48 per common share.
• Total assets stood at $541 billion as of December 31, 2021.

Negative

• None.

CHARLOTTE, N.C., Jan. 25, 2022 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.48 per common share, payable on Mar. 1, 2022, to shareholders of record at the close of business on Feb. 11, 2022.

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 I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810)	$1,000.00	$0.25	Feb. 11	Mar. 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,000.00	$10.00	Feb. 11(1)	Mar. 15
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1)	$600.00	$24.00	Feb. 11	Mar. 1(2)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	Feb. 11	Mar. 1
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6)	$637.50	$25.50	Feb. 11	Mar. 1(2)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	Feb. 11	Mar. 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 Feb. 28, 2022.
(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 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 a top 10 U.S. commercial bank with total assets of $541 billion as of December 31, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

 

View original content:https://www.prnewswire.com/news-releases/truist-declares-common-and-preferred-stock-dividends-301467819.html

SOURCE Truist Financial Corporation

FAQ

What is the dividend amount for Truist Financial Corporation (TFC)?

Truist Financial Corporation declared a quarterly cash dividend of $0.48 per common share.

When will the dividend for TFC be paid?

The dividend will be payable on March 1, 2022.

What is the record date for the TFC dividend?

The record date for the dividend is February 11, 2022.

What are the preferred stock dividend details for TFC?

Dividends were declared for preferred stock series with payment dates from March 1 to March 15, 2022.

How much are the preferred stock dividends for TFC?

Dividends per share for preferred stock series range from $0.25 to $1,000.00.