Truist declares common and preferred stock dividends

Rhea-AI Summary

The Board of Directors of Truist Financial Corporation (NYSE: TFC) has declared a quarterly cash dividend of $0.52 per common share, payable on March 1, 2023, to shareholders of record by February 10, 2023.

Additionally, regular cash dividends on several series of preferred stock were announced, with varying payment dates. The dividends for these preferred stocks include amounts like $1,324.75 for Series I and $1,353.50 for Series J, all payable on March 15, 2023. These dividends reflect the company’s robust financial position as of December 31, 2022, with total assets of $555 billion.

Positive

• Quarterly cash dividend of $0.52 per share enhances shareholder income.
• Strong financial position with total assets of $555 billion.
• Scheduled dividends on preferred stocks reinforce investor confidence.

Negative

• None.

CHARLOTTE, N.C., Jan. 24, 2023 /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 Mar. 1, 2023, to shareholders of record at the close of business on Feb. 10, 2023.

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)	$1,324.75	$0.3311875	Feb. 10	Mar. 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,353.50	$13.535	Feb. 10(1)	Mar. 15
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$1,967.75	$19.6775	Feb. 10	Mar. 15
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1)	$600.00	$24.00	Feb. 10	Mar. 1(2)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	Feb. 10	Mar. 1
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6)	$637.50	$25.50	Feb. 10	Mar. 1(2)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	Feb. 10	Mar. 1

 

Notes:
(1)	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 Feb. 28, 2023.
(2)	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, 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 $555 billion as of December 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 TFC?

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

When will the next dividend payment be made for TFC?

The next dividend payment will be made on March 1, 2023.

What is the record date for the dividend payment for TFC?

The record date for the dividend payment is February 10, 2023.

What are the dividend details for Truist's preferred stock series?

Preferred stock dividends vary, with amounts like $1,324.75 for Series I and $1,353.50 for Series J, payable on March 15, 2023.