Truist Declares Common and Preferred Stock Dividends
The Board of Directors of Truist Financial Corporation (TFC) declared a quarterly cash dividend of $0.48 per common share, payable on June 1, 2022.
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Rhea-AI Summary
The Board of Directors of Truist Financial Corporation (TFC) declared a quarterly cash dividend of $0.48 per common share, payable on June 1, 2022. Shareholders on record as of May 13, 2022 will receive this payment. Additionally, cash dividends were declared for several series of preferred stock, with respective record and payment dates outlined. Total assets for Truist reached $544 billion as of March 31, 2022, reflecting the company's substantial financial position.
Positive
- Declared a quarterly cash dividend of $0.48 per common share for shareholders.
- Total assets reached $544 billion as of March 31, 2022, indicating strong financial health.
Negative
- None.
Details
News Market Reaction – TFC
The recorded move for TFC in the trading session of this news was -0.61%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHARLOTTE, N.C., April 26, 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 Share | Dividend per Depositary Share | Record Date | Payment Date |
Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810) | May 13 | June 15 | ||
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6) | May 13(2) | June 15 | ||
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5) | May 13 | June 15(3) | ||
Series M Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAC3) | May 13 | June 15(3) | ||
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745) | May 13 | June 1 | ||
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAE9) | May 13 | June 1(3) | ||
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695) | May 13 | June 1 |
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. Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series I are
(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 May 31, 2022.
(3) Dividends per share and dividends per depositary share for Series L, Series M, and Series P are declared and paid semiannually.
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. 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-301533525.html
SOURCE Truist Financial Corporation
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