Truist declares common and preferred stock dividends

Rhea-AI Summary

On July 26, 2022, Truist Financial Corporation (TFC) announced a quarterly cash dividend of $0.52 per common share, payable on September 1, 2022. Shareholders must be on record by August 12, 2022. Additionally, dividends were declared for various preferred stocks, with payments scheduled for September 15, 2022. The company continues to demonstrate strong financial stability, with total assets of $545 billion as of June 30, 2022, highlighting its significant market presence and commitment to financial health.

Positive

• Quarterly cash dividend of $0.52 announced for common shares.
• Total assets reported at $545 billion as of June 30, 2022, indicating strong financial health.

Negative

• None.

CHARLOTTE, N.C., July 26, 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 Sept. 1, 2022, to shareholders of record at the close of business on Aug. 12, 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)	$1,022.22222(1)	$0.25556(1)	Aug. 12	Sept. 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,022.22222(1)	$10.22222(1)	Aug. 12(2)	Sept. 15
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$1,260.10867(1)	$12.60109(1)	Aug. 12	Sept. 15
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1)	$600.00	$24.00	Aug. 12	Sept. 1(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	Aug. 12	Sept. 1
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6)	$637.50	$25.50	Aug. 12	Sept. 1(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	Aug. 12	Sept. 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 $1,022.22222222222222 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.  Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series L are $1,260.10866666666667 and $12.60108666666667, 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 Aug. 31, 2022.

(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. 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 $545 billion as of June 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 declared by Truist Financial (TFC) for Q3 2022?

Truist Financial declared a cash dividend of $0.52 per common share for Q3 2022.

When will the dividend for common shares be paid by Truist Financial (TFC)?

The dividend for common shares will be paid on September 1, 2022.

What are the record dates for the dividends declared by Truist Financial (TFC)?

The record date for the dividends is August 12, 2022.

What is the total asset value of Truist Financial (TFC) as of June 30, 2022?

Truist Financial reported total assets of $545 billion as of June 30, 2022.