Truist declares common and preferred stock dividends
On July 27, 2021, Truist Financial Corporation (TFC) declared a quarterly cash dividend of $0.48 per common share, payable on September 1, 2021. Shareholders must be on record by August 13, 2021. The company also announced dividends for several series of preferred stock, with amounts ranging from $0.25556 to $1,022.22222 per share, set for payment on September 15, 2021. This demonstrates Truist's commitment to returning value to shareholders amidst its operations as one of the top 10 commercial banks in the U.S.
- Regular cash dividend of $0.48 indicates strong financial health.
- Dividends for preferred stock series reflect confidence in future cash flow.
- None.
CHARLOTTE, N.C., July 27, 2021 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of
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) | August 13 | September 15 | ||
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6) | August 13(2) | September 15 | ||
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1) | August 13 | September 1(3) | ||
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745) | August 13 | September 1 | ||
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6) | August 13 | September 1(3) | ||
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695) | August 13 | September 1 |
Notes: | |
(1) | Dividends per share and dividends per depositary share for Series I and Series J are rounded to the hundred-thousandths position in the table above 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 |
(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 August 31, 2021. |
(3) | 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
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SOURCE Truist Financial Corporation
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