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CHARLOTTE, N.C. - Truist Financial Corporation (NYSE: TFC) has announced that its Board of Directors has declared a quarterly cash dividend for both common and preferred stockholders. Common stock shareholders are set to receive $0.52 per share, payable on June 2, 2025, with a record date of May 9, 2025. According to InvestingPro data, Truist has maintained dividend payments for 53 consecutive years, with the current yield standing at an attractive 5.43%.
Additionally, dividends for several series of preferred stock were also declared. The Series I Non-Cumulative Perpetual Preferred Stock will receive a dividend of $1,286.86386 per share and $0.32172 per depositary share, with payment due on June 16, 2025. The Series J Non-Cumulative Perpetual Preferred Stock has a dividend of $1,315.93331 per share and $13.15933 per depositary share, also payable on June 16, 2025, but with a record date of May 31, 2025, for the Preferred Purchase Securities representing fractional interests.
For the Series M Non-Cumulative Perpetual Preferred Stock, the dividend is set at $2,562.50 per share and $25.625 per depositary share, and for the Series O Non-Cumulative Perpetual Preferred Stock, shareholders will receive $328.125 per share and $0.328125 per depositary share, both payable on June 16, 2025. The Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock will have a dividend of $618.75 per share and $24.75 per depositary share, with a payment date of June 2, 2025. Lastly, the Series R Non-Cumulative Perpetual Preferred Stock is declared to receive $296.875 per share and $0.296875 per depositary share, also due on June 2, 2025.
Truist Financial Corporation, a major U.S. commercial bank with $536 billion in assets as of March 31, 2025, is headquartered in Charlotte, North Carolina. With a market capitalization of approximately $51 billion, the bank provides a variety of financial products and services, including consumer and small business banking, commercial banking, corporate and investment banking, insurance, wealth management, payments, and specialized lending. InvestingPro analysis indicates the stock is currently undervalued, though it carries a WEAK financial health score. Detailed metrics and additional insights are available in the comprehensive Pro Research Report, one of 1,400+ deep-dive analyses available on InvestingPro.
The declaration of these dividends reflects Truist’s commitment to providing value to its shareholders and its position as a leading financial institution. The information reported is based on a press release statement from Truist Financial Corporation.
In other recent news, Truist Financial Corp reported its first-quarter 2025 earnings, showing an earnings per share (EPS) of $0.87, slightly surpassing the forecast of $0.86, while revenue remained stable at $4.95 billion, aligning with expectations. The company’s net income reached $1.2 billion, despite a 3.2% decrease in total revenue compared to the previous quarter. The bank experienced a 1.1% increase in average loans and a $2.2 billion rise in average deposits. Truist Financial’s management has revised its full-year revenue growth guidance to 1.5-2.5%, with expectations for net interest income to increase by 3%. In analyst updates, Stephens adjusted the price target for Truist Financial shares to $46 from $48, maintaining an Overweight rating. The adjustment follows a revision in Truist’s 2025 outlook, reflecting expectations of lower fixed-rate asset repricing and challenges in wealth management income. Stephens also noted potential benefits from strategic initiatives in Premier Banking and investments in Capital Markets and Payments. Truist Financial plans to target up to $750 million in share buybacks in the second quarter, reflecting confidence in its strong capital position.
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