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
