CHARLOTTE, N.C., July 25,
2023 /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 Sept. 1, 2023, to
shareholders of record at the close of business on Aug. 11, 2023.
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)
|
$1,554.28889(1)
|
$0.38857(1)
|
Aug. 11
|
Sept. 15
|
|
Series J Non-Cumulative
Perpetual Preferred Stock (CUSIP 86800XAA6)
|
$1,583.67778(1)
|
$15.83678(1)
|
Aug.
11(2)
|
Sept. 15
|
|
Series L Non-Cumulative
Perpetual Preferred Stock
(CUSIP
89832QAB5)
|
$2,211.57778(1)
|
$22.11578(1)
|
Aug. 11
|
Sept. 15
|
|
Series N Fixed Rate
Reset Non-Cumulative Perpetual Preferred Stock
(CUSIP
89832QAD1)
|
$600.00
|
$24.00
|
Aug. 11
|
Sept.
1(3)
|
|
Series O Non-Cumulative
Perpetual Preferred Stock (CUSIP 89832Q745)
|
$328.125
|
$0.328125
|
Aug. 11
|
Sept. 1
|
|
Series Q Fixed Rate
Reset Non-Cumulative Perpetual Preferred Stock
(CUSIP
89832QAF6)
|
$637.50
|
$25.50
|
Aug. 11
|
Sept.
1(3)
|
|
Series R Non-Cumulative
Perpetual Preferred Stock (CUSIP 89832Q695)
|
$296.875
|
$0.296875
|
Aug. 11
|
Sept. 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. Rounded to the fourteenth decimal place, the dividend
per share and dividend per depositary share for Series I are
$1,554.28888888888889 and
$0.38857222222222,
respectively. Rounded to the fourteenth decimal place, the
dividend per share and dividend per depositary share for Series J
are $1,583.67777777777778 and
$15.83677777777778,
respectively. Rounded to the fourteenth decimal place, the
dividend per share and dividend per depositary share for Series L
are $2,211.57777777777778 and
$22.11577777777778, 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 Aug. 31, 2023.
(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. Truist has leading
market share in many high-growth markets in the country and offers
a wide range of products and services through our retail and small
business banking, commercial banking, corporate and investment
banking, insurance, wealth management, and specialized lending
businesses. Headquartered in Charlotte,
North Carolina, Truist is a top 10 U.S. commercial bank with
total assets of $555 billion as of
June 30, 2023. Truist Bank, Member
FDIC. Learn more at Truist.com.
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SOURCE Truist Financial Corporation