Truist Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Truist Financial Corporation (NYSE: TFC) has declared a quarterly cash dividend of $0.48 per common share, payable on December 1, 2021, to shareholders of record by November 12, 2021. Additionally, dividends were announced for various series of preferred stock, with payment dates also set for December 15, 2021. The company, formed by the merger of BB&T and SunTrust, holds $530 billion in total assets as of September 30, 2021, emphasizing its strong market presence.

Positive

• Quarterly cash dividend of $0.48 per common share.
• Strong asset base of $530 billion as of September 30, 2021.
• Continued commitment to dividend payments enhances shareholder returns.

Negative

• None.

CHARLOTTE, N.C., Oct. 26, 2021 /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 Dec. 1, 2021, to shareholders of record at the close of business on Nov. 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 I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810)	$1,011.11111(1)	$0.25278(1)	Nov. 12	Dec. 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,011.11111(1)	$10.11111(1)	Nov. 12(2)	Dec. 15
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$2,525.00	$25.25	Nov. 12	Dec. 15(3)
Series M Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAC3)	$2,562.50	$25.625	Nov. 12	Dec. 15(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	Nov. 12	Dec. 1
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAE9)	$618.75	$24.75	Nov. 12	Dec. 1(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	Nov. 12	Dec. 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 $1,011.11111111111111 and $0.25277777777778, respectively.  Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series J are $1,011.11111111111111 and $10.11111111111111, 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 Nov. 30, 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 a top 10 U.S. commercial bank with total assets of $530 billion as of September 30, 2021. 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 (TFC) in October 2021?

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

When will the dividend for Truist Financial Corporation (TFC) be paid?

The dividend will be paid on December 1, 2021.

What is the record date for the TFC dividend?

The record date for the dividend is November 12, 2021.

What are the dividend details for preferred stock of TFC?

Preferred stock dividends were declared with payment dates set for December 15, 2021.

How does Truist Financial Corporation's asset size impact investors?

With $530 billion in assets, Truist demonstrates strong financial stability, which can enhance investor confidence.