ATLANTA, Aug. 9, 2016 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) today announced an increase in the dividend on SunTrust common stock. A quarterly cash dividend of $0.26 per common share was declared payable on September 15, 2016, to shareholders of record at the close of business on August 31, 2016. The previous quarterly dividend was $0.24.
The board of directors also declared the following dividends payable in cash on September 15, 2016, to shareholders of record at the close of business on August 31, 2016:
- a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series A;
- a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series B; and
- a quarterly cash dividend of $1,468.75 per share on SunTrust's Perpetual Preferred Stock, Series E.
About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. Headquartered in Atlanta, the Company has three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of June 30, 2016, SunTrust had total assets of $199 billion and total deposits of $153 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.
* Editor's Note: The preferred stock dividend has been rounded for reader convenience. The precise amount is $1,022.22222222222.
SOURCE SunTrust Banks, Inc.