Truist Declares Common and Preferred Stock Dividends
Truist Financial Corporation (NYSE: TFC) announced a quarterly cash dividend of $0.48 per share, payable on March 1, 2022, to shareholders on record as of February 11, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Truist Financial Corporation (NYSE: TFC) announced a quarterly cash dividend of $0.48 per share, payable on March 1, 2022, to shareholders on record as of February 11, 2022. Additionally, cash dividends were declared for preferred stock series, including Series I, J, N, O, Q, and R, with payment dates ranging from March 1 to March 15, 2022. Truist, headquartered in Charlotte, NC, reported total assets of $541 billion as of December 31, 2021.
Positive
- Declared quarterly cash dividend of $0.48 per common share.
- Total assets stood at $541 billion as of December 31, 2021.
Negative
- None.
Details
News Market Reaction – TFC
The recorded move for TFC in the trading session of this news was +1.17%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHARLOTTE, N.C., Jan. 25, 2022 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of
The Board also declared regular cash dividends on the following series of preferred stock:
Series of Preferred Stock | Dividend per | Dividend per | Record | Payment |
Series I Non-Cumulative | Feb. 11 | Mar. 15 | ||
Series J Non-Cumulative | Feb. 11(1) | Mar. 15 | ||
Series N Fixed Rate Reset | Feb. 11 | Mar. 1(2) | ||
Series O Non-Cumulative | Feb. 11 | Mar. 1 | ||
Series Q Fixed Rate Reset | Feb. 11 | Mar. 1(2) | ||
Series R Non-Cumulative | Feb. 11 | 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, 2022.
(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. Formed by the historic merger of equals of BB&T and SunTrust, 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
View original content:https://www.prnewswire.com/news-releases/truist-declares-common-and-preferred-stock-dividends-301467819.html
SOURCE Truist Financial Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.