CHARLOTTE, N.C., April 28, 2020 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation declared a regular quarterly cash dividend of $0.45 per common share, payable on June 1, 2020, to shareholders of record at the close of business on May 15, 2020. Truist has paid a cash dividend to shareholders of its common stock every year since 1903.
The Board also declared regular cash dividends on the following series of preferred stock:
Series of Preferred Stock |
Dividend per |
Dividend per |
Record Date |
Payment Date |
Non-Cumulative Perpetual |
$325.00 |
$0.325 |
May 15 |
June 1 |
Non-Cumulative Perpetual |
$325.00 |
$0.325 |
May 15 |
June 1 |
Non-Cumulative Perpetual |
$351.5625 |
$0.3515625 |
May 15 |
June 1 |
Non-Cumulative Perpetual |
$1,022.22222(1) |
$0.25556(1) |
May 15 |
June 15 |
Non-Cumulative Perpetual |
$1,022.22222(1) |
$10.22222(1) |
May 15(2) |
June 15 |
Non-Cumulative Perpetual (CUSIP 89832QAB5) |
$2,525.00 |
$25.25 |
May 15 |
June 15(3) |
Non-Cumulative Perpetual (CUSIP 89832QAC3) |
$2,562.50 |
$25.625 |
May 15 |
June 15(3) |
Notes: |
|
(1) |
Dividends per share and dividends per depositary share for Series I and J are rounded to the hundred-thousandths position for the convenience of the reader. The unrounded dividends per share and dividends per depositary share for Series I are $1,022.22222222222222 and $0.25555555555556, respectively. The unrounded dividends per share and dividends per depositary share for Series J are $1,022.22222222222222 and $10.22222222222222, respectively. |
(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, 2020. |
(3) |
Dividends per share and dividends per depositary share for Series L and M are declared and paid semiannually. |
About Truist
Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with 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 the sixth-largest commercial bank in the U.S. with total assets of $506 billion as of March 31, 2020. Truist Bank, Member FDIC. Learn more at Truist.com.
SOURCE Truist Financial Corporation
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