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 September 3, 2024, to shareholders of record as of August 9, 2024. The Board also announced dividends for various series of preferred stock, with payment dates primarily in September. Truist, a leading U.S. commercial bank with $520 billion in total assets as of June 30, 2024, continues to demonstrate its commitment to shareholder returns through these dividend declarations.

Positive

• Consistent quarterly dividend of $0.52 per common share maintained
• Dividends declared for multiple series of preferred stock
• Strong market position as a top-10 commercial bank
• Substantial asset base of $520 billion as of June 30, 2024

Negative

• None.

News Market Reaction – TFC

+0.85%

1 alert

+0.85% News Effect

On the day this news was published, TFC gained 0.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., July 23, 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 September 3, 2024, to shareholders of record at the close of business on August 9, 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)	$1,549.73758(1)	$0.38743(1)	August 9	September 16
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,578.80703(1)	$15.78807(1)	August 9 (2)	September 16
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$2,199.88203(1)	$21.99882(1)	August 9	September 16
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1)	$600.00	$24.00	August 9	September 3 (3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	August 9	September 3
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6)	$637.50	$25.50	August 9	September 3 (3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	August 9	September 3

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 August 31, 2024.
(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. 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 $520 billion as of June 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-302204153.html

SOURCE Truist Financial Corporation

FAQ

What is the dividend amount for Truist (TFC) common stock in Q3 2024?

Truist (TFC) declared a regular quarterly cash dividend of $0.52 per common share for Q3 2024.

When is the payment date for Truist's (TFC) Q3 2024 common stock dividend?

The payment date for Truist's (TFC) Q3 2024 common stock dividend is September 3, 2024.

What is the record date for Truist's (TFC) Q3 2024 common stock dividend?

The record date for Truist's (TFC) Q3 2024 common stock dividend is August 9, 2024.

How much are Truist's (TFC) total assets as of June 30, 2024?

Truist (TFC) reported total assets of $520 billion as of June 30, 2024.