Truist declares common and preferred stock dividends
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.
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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.
Details
News Market Reaction – TFC
The recorded move for TFC in the trading session of this news was +0.85%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Board also declared regular cash dividends on the following series of preferred stock:
Series of Preferred Stock | Dividend | Dividend per | Record Date | Payment Date |
Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810) | August 9 | September 16 | ||
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6) | August 9 (2) | September 16 | ||
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5) | August 9 | September 16 | ||
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1) | August 9 | September 3 (3) | ||
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745) | August 9 | September 3 | ||
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6) | August 9 | September 3 (3) | ||
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695) | 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
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SOURCE Truist Financial Corporation
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