ATLANTA, Oct. 28, 2019
/PRNewswire/ -- The board of directors of SunTrust Banks, Inc.
(NYSE: STI) has declared a regular quarterly cash dividend of
$0.56 per common share. The
dividend is payable on November 18,
2019, to common shareholders of record at the close of
business on November 8,
2019.
The board of directors also declared the following dividends
payable in cash on December 16, 2019,
to preferred shareholders of record at the close of business on
November 8, 2019:
- a quarterly cash dividend of $1,011.11(1) per share on SunTrust's Perpetual
Preferred Stock, Series A ($100,000
liquidation preference per share). The amount of the dividend on
each Series A Depositary Share ($25
liquidation preference per share) will be $0.252(2);
- a quarterly cash dividend of $1,011.11(1) per share on SunTrust's Perpetual
Preferred Stock, Series B ($100,000
liquidation preference per share);
- a semi-annual cash dividend of $2,812.50 per share on SunTrust's Perpetual
Preferred Stock, Series F ($100,000
liquidation preference per share). The amount of the dividend on
each Series F Depositary Share ($1,000 liquidation preference per share) will be
$28.125;
- a semi-annual cash dividend of $2,525.00 per share on SunTrust's Perpetual
Preferred Stock, Series G ($100,000
liquidation preference per share). The amount of the dividend on
each Series G Depositary Share ($1,000 liquidation preference per share) will be
$25.25; and
- a semi-annual cash dividend of $2,562.50 per share on SunTrust's Perpetual
Preferred Stock, Series H ($100,000
liquidation preference per share). The amount of the dividend on
each Series H Depositary Share ($1,000 liquidation preference per share) will be
$25.625.
If the merger of equals with BB&T closes in advance of any
of the payment dates, shareholders will still be entitled to the
dividend that has been declared, which will be paid by Truist
Financial Corporation.
About SunTrust Banks, Inc.
SunTrust Banks,
Inc. is a purpose-driven company dedicated to Lighting the Way
to Financial Well-Being for the people, businesses, and communities
it serves. SunTrust leads onUp, a national movement inspiring
Americans to build financial confidence. Headquartered
in Atlanta, the Company has two business segments: Consumer
and Wholesale. Its flagship subsidiary, SunTrust Bank,
operates an extensive branch and ATM network throughout the
high-growth Southeast and Mid-Atlantic states, along with 24-hour
digital access. Certain business lines serve consumer, commercial,
corporate, and institutional clients nationally. As
of September 30, 2019, SunTrust had total assets of
$227 billion and total deposits
of $168 billion. The Company provides deposit, credit, trust,
investment, mortgage, asset management, securities brokerage, and
capital market services. Learn more at suntrust.com.
Editor's Note: The preferred stock dividends
have been rounded for reader convenience.
(1) The precise amount is $1,011.11111111111.
(2) The precise amount is $0.252777777777778.
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SOURCE SunTrust Banks, Inc.