Truist Declares Common and Preferred Stock Dividends

Rhea-AI Summary

The Board of Directors of Truist Financial Corporation (TFC) declared a quarterly cash dividend of $0.48 per common share, payable on June 1, 2022. Shareholders on record as of May 13, 2022 will receive this payment. Additionally, cash dividends were declared for several series of preferred stock, with respective record and payment dates outlined. Total assets for Truist reached $544 billion as of March 31, 2022, reflecting the company's substantial financial position.

Positive

• Declared a quarterly cash dividend of $0.48 per common share for shareholders.
• Total assets reached $544 billion as of March 31, 2022, indicating strong financial health.

Negative

• None.

CHARLOTTE, N.C., April 26, 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 June 1, 2022, to shareholders of record at the close of business on May 13, 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)	May 13	June 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,022.22222(1)	$10.22222(1)	May 13(2)	June 15
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$2,525.00	$25.25	May 13	June 15(3)
Series M Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAC3)	$2,562.50	$25.625	May 13	June 15(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	May 13	June 1
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAE9)	$618.75	$24.75	May 13	June 1(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	May 13	June 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 $1,022.22222222222222 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.
(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 May 31, 2022.
(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. 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 $544 billion as of March 31, 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 Corporation (TFC)?

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

When is the dividend payment date for Truist Financial Corporation (TFC)?

The dividend payment date for Truist Financial Corporation is June 1, 2022.

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

The record date for the common share dividend is May 13, 2022.

What is the financial position of Truist Financial Corporation as of March 31, 2022?

Truist Financial Corporation reported total assets of $544 billion as of March 31, 2022.