Truist declares common and preferred stock dividends

Rhea-AI Summary

Truist Financial (NYSE: TFC) has announced its quarterly dividend declarations. The Board of Directors declared a regular quarterly cash dividend of $0.52 per common share, payable on March 3, 2025, to shareholders of record as of February 14, 2025.

The company also declared dividends for multiple series of preferred stock, including Series I, J, N, O, Q, and R, with payment dates in March 2025. Notably, Series N and Q dividends are declared and paid semiannually.

Truist, headquartered in Charlotte, North Carolina, is a leading U.S. commercial bank with total assets of $531 billion as of December 31, 2024. The company maintains strong market share across high-growth markets, offering various financial services through its wholesale and consumer businesses.

Positive

• Regular quarterly dividend of $0.52 per common share maintained, showing stable shareholder returns
• Strong asset base of $531 billion
• Leading market position in high-growth markets

Negative

• None.

News Market Reaction – TFC

-0.71%

1 alert

-0.71% News Effect

On the day this news was published, TFC declined 0.71%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Jan. 28, 2025 /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. 3, 2025, to shareholders of record at the close of business on Feb.14, 2025.

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)	$1,301.85106(1)	$0.32546(1)	Feb. 14	Mar. 17
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,330.92050(1)	$13.30921(1)	Feb. 14(2)	Mar. 17
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAD1)	$833.625	$33.345	Feb. 14	Mar. 3(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	Feb. 14	Mar. 3
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAF6)	$637.50	$25.50	Feb. 14	Mar. 3(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	Feb. 14	Mar. 3

Notes:
(1)	In the table, dividends per share and dividends per depositary share for Series I and Series J 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 Feb. 28, 2025.
(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 $531 billion as of December 31, 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-302362330.html

SOURCE Truist Financial Corporation

FAQ

What is Truist's (TFC) common stock dividend amount for Q1 2025?

Truist declared a quarterly cash dividend of $0.52 per common share for Q1 2025.

When is the payment date for Truist's (TFC) Q1 2025 common stock dividend?

The common stock dividend will be paid on March 3, 2025, to shareholders of record as of February 14, 2025.

What is Truist's (TFC) total asset value as of December 2024?

Truist reported total assets of $531 billion as of December 31, 2024.

How many preferred stock series are receiving dividends in Truist's (TFC) latest announcement?

Truist declared dividends for six preferred stock series: Series I, J, N, O, Q, and R.

Which of Truist's (TFC) preferred stock series pay dividends semiannually?

Series N and Series Q preferred stocks pay dividends semiannually.