News Releases

Truist declares common and preferred stock dividends

CHARLOTTE, N.C., Jan. 23, 2024 /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. 1, 2024, to shareholders of record at the close of business on Feb. 9, 2024.

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) 

$1,561.21622(1)

$0.39030(1)

Feb. 9

Mar. 15

Series J Non-Cumulative
Perpetual Preferred Stock
(CUSIP 86800XAA6) 

$1,590.28567(1)

$15.90286(1)

Feb. 9(2)

Mar. 15

Series L Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832QAB5) 

$2,211.36067(1)

$22.11361(1)

Feb. 9

Mar. 15

Series N Fixed Rate Reset
Non-Cumulative Perpetual
Preferred Stock

(CUSIP 89832QAD1)

$600.00

$24.00

Feb. 9

Mar. 1(3)

Series O Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q745)

$328.125

$0.328125

Feb. 9

Mar. 1

Series Q Fixed Rate Reset
Non-Cumulative Perpetual
Preferred Stock

(CUSIP 89832QAF6)

$637.50

$25.50

Feb. 9

Mar. 1(3)

Series R Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q695)

$296.875

$0.296875

Feb. 9

Mar. 1


Notes:

(1)

In the table, dividends per share and dividends per depositary share for Series I, Series J, and Series L 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. 29, 2024.

(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, insurance, wealth management, payments, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top-10 commercial bank with total assets of $535 billion as of December 31, 2023. Truist Bank, Member FDIC. Learn more at Truist.com.

SOURCE Truist Financial Corporation

For further information: Investors: Brad Milsaps, 770-352-5347, investors@truist.com; Media: Hannah Longmore, 402-613-3499, media@truist.com