Truist declares common and preferred stock dividends

Rhea-AI Summary

Truist Financial (NYSE: TFC) has declared its regular quarterly cash dividend of $0.52 per common share, payable on Dec. 2, 2024, to shareholders of record as of Nov. 8, 2024. The company also announced dividends for various series of preferred stock, with payment dates ranging from December 2 to December 16, 2024.

Truist, a purpose-driven financial services company, is a leading U.S. commercial bank with total assets of $523 billion as of Sep. 30, 2024. The company offers a wide range of products and services through its wholesale and consumer businesses, including banking, wealth management, and specialized lending.

Positive

• Regular quarterly cash dividend of $0.52 per common share maintained
• Consistent dividend payments across various series of preferred stock
• Leading market share in many high-growth markets across the country
• Diversified product and service offerings across multiple financial sectors
• Strong asset base of $523 billion as of Sep. 30, 2024

Negative

• None.

News Market Reaction – TFC

+0.12%

1 alert

+0.12% News Effect

On the day this news was published, TFC gained 0.12%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Oct. 22, 2024 /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. 2, 2024, to shareholders of record at the close of business on Nov. 8, 2024.

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)	$1,450.50208(1)	$0.36263(1)	November 8	December 16
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,479.57153(1)	$14.79572(1)	November 8(2)	December 16
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$2,100.64653(1)	$21.00647(1)	November 8	December 16
Series M Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAC3)	$2,562.50	$25.625	November 8	December 16(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	November 8	December 2
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAE9)	$618.75	$24.75	November 8	December 2(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	November 8	December 2

 

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.

(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, 2024.

(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. As a leading U.S. commercial bank, Truist has leading market share in many of the high-growth markets across the country. Truist offers a wide range of products and services through our wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top-10 commercial bank with total assets of $523 billion as of Sep. 30, 2024. Truist Bank, Member FDIC. Learn more at Truist.com.

 

View original content:https://www.prnewswire.com/news-releases/truist-declares-common-and-preferred-stock-dividends-302283642.html

SOURCE Truist Financial Corporation

FAQ

What is the amount of Truist's quarterly common stock dividend for Q4 2024?

Truist Financial (TFC) declared a regular quarterly cash dividend of $0.52 per common share for Q4 2024.

When is the payment date for Truist's Q4 2024 common stock dividend?

The payment date for Truist's (TFC) Q4 2024 common stock dividend is December 2, 2024.

What is the record date for Truist's Q4 2024 common stock dividend?

The record date for Truist's (TFC) Q4 2024 common stock dividend is November 8, 2024.

How much are Truist's total assets as of September 30, 2024?

Truist Financial (TFC) reported total assets of $523 billion as of September 30, 2024.