Truist declares common and preferred stock dividends

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Oct 22, 2024, 16:30 ET

CHARLOTTE, N.C., Oct. 22, 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 Dec. 2, 2024, to shareholders of record at the close of business on Nov. 8, 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)	$1,450.50208⁽¹⁾	$0.36263⁽¹⁾	November 8	December 16
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)	$1,479.57153⁽¹⁾	$14.79572⁽¹⁾	November 8⁽²⁾	December 16
Series L Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAB5)	$2,100.64653⁽¹⁾	$21.00647⁽¹⁾	November 8	December 16
Series M Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAC3)	$2,562.50	$25.625	November 8	December 16⁽³⁾
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)	$328.125	$0.328125	November 8	December 2
Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAE9)	$618.75	$24.75	November 8	December 2⁽³⁾
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)	$296.875	$0.296875	November 8	December 2

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 Nov. 30, 2024.

(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. 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, wealth management, payments, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top-10 commercial bank with total assets of $523 billion as of Sep. 30, 2024. Truist Bank, Member FDIC. Learn more at Truist.com.

SOURCE Truist Financial Corporation