CHARLOTTE, N.C., Oct. 24,
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 Dec. 1, 2023, to
shareholders of record at the close of business on Nov. 10, 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)
|
$1,567.48511(1)
|
$0.39187(1)
|
Nov. 10
|
Dec. 15
|
Series J
Non-Cumulative
Perpetual Preferred Stock
(CUSIP 86800XAA6)
|
$1,596.55456(1)
|
$15.96555(1)
|
Nov. 10
(2)
|
Dec. 15
|
Series L
Non-Cumulative
Perpetual Preferred Stock
(CUSIP
89832QAB5)
|
$2,217.62956(1)
|
$22.17630(1)
|
Nov. 10
|
Dec. 15
|
Series M
Non-Cumulative
Perpetual Preferred Stock
(CUSIP
89832QAC3)
|
$2,562.50
|
$25.625
|
Nov. 10
|
Dec. 15
(3)
|
Series O
Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q745)
|
$328.125
|
$0.328125
|
Nov. 10
|
Dec. 1
|
Series P Fixed Rate
Reset
Non-Cumulative Perpetual
Preferred Stock
(CUSIP
89832QAE9)
|
$618.75
|
$24.75
|
Nov. 10
|
Dec.
1(3)
|
Series R
Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q695)
|
$296.875
|
$0.296875
|
Nov. 10
|
Dec. 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 $1,567.48511111111111 and $0.39187127777778,
respectively. Rounded to the fourteenth decimal place, the
dividend per share and dividend per depositary share for Series J
are $1,596.55455555555556 and $15.96554555555556,
respectively. Rounded to the fourteenth decimal place, the
dividend per share and dividend per depositary share for Series L
are $2,217.62955555555556 and $22.17629555555556,
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 Nov. 30, 2023.
|
(3)
|
Dividends per share and
dividends per depositary share for Series M and Series P 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 $543 billion as of
September 30, 2023. Truist Bank,
Member FDIC. Learn more at Truist.com.
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SOURCE Truist Financial Corporation