Truist declares common and preferred stock dividends

Rhea-AI Summary

On October 25, 2022, Truist Financial Corporation (TFC) announced a quarterly cash dividend of $0.52 per common share, payable on December 1, 2022, to shareholders of record by the close of business on November 10, 2022.

The company also declared dividends on various series of preferred stock, with notable details including $1,011.11111 for Series I and Series J, payable on December 15, 2022, among others, all with a record date of November 10, 2022.

Positive

• Regular cash dividend of $0.52 per common share, indicating consistent income for shareholders.
• Strong commitment to shareholder returns with multiple preferred stock dividends declared.

Negative

• None.

CHARLOTTE, N.C., Oct. 25, 2022 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on Dec. 1, 2022, to shareholders of record at the close of business on Nov. 10, 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)	$1,011.11111(1)	$0.25278(1)	Nov. 10	Dec. 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,011.11111(1)	$10.11111(1)	Nov. 10(2)	Dec. 15
Series L Non-CumulativePerpetual Preferred Stock (CUSIP 89832QAB5)	$1,616.40519(1)	$16.16405(1)	Nov. 10	Dec. 15
Series M Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAC3)	$2,562.50	$25.625	Nov. 10	Dec. 15(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	Nov. 10	Dec. 1
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAE9)	$618.75	$24.75	Nov. 10	Dec. 1(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	Nov. 10	Dec. 1

 

Notes:
(1)	In the table, dividends per share and dividends per depositary share for Series I, Series J, and Series L 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. Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series L are $1,616.40519444444444 and $16.16405194444444, 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, 2022.
(3)	Dividends per share and dividends per depositary share for 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. Truist has leading market share in many high-growth markets in the country, and offers a wide range of products and services through our retail and small business banking, commercial banking, corporate and investment banking, insurance, wealth management, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $548 billion as of September 30, 2022.Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation

FAQ

What is the dividend amount for Truist Financial Corporation (TFC) for Q4 2022?

Truist Financial Corporation declared a quarterly cash dividend of $0.52 per common share for Q4 2022.

When is the dividend payment date for Truist Financial Corporation's common stock?

The dividend payment date for Truist Financial Corporation's common stock is December 1, 2022.

What are the record and payment dates for the preferred stock dividends declared by TFC?

The record date for the preferred stock dividends is November 10, 2022, and the payment date is December 15, 2022.

How often does Truist Financial Corporation pay dividends on preferred stock?

Truist Financial Corporation pays dividends on preferred stock, with some series being paid semiannually.