Truist declares $0.52 quarterly dividend on common stock

Published 29/07/2025, 20:06
Truist declares $0.52 quarterly dividend on common stock

CHARLOTTE - Truist Financial Corporation (NYSE:TFC) announced Tuesday that its Board of Directors has declared a regular quarterly cash dividend of $0.52 per common share, payable on September 2, 2025, to shareholders of record as of August 8, 2025. The dividend represents a 4.61% yield, reflecting the company’s remarkable 53-year streak of consecutive dividend payments. InvestingPro analysis reveals multiple positive indicators for income investors.

The company also declared regular cash dividends on several series of its preferred stock. The preferred stock dividends include payments on Series I, J, N, O, Q, and R, with record dates primarily set for August 8 and payment dates in September.

For Series N and Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, dividends are declared and paid semiannually, with payments of $33.345 and $25.50 per depositary share, respectively.

Truist Financial Corporation, headquartered in Charlotte, North Carolina, is a top-10 commercial bank with total assets of $544 billion as of June 30, 2025, according to the company’s press release statement.

The bank offers various financial products and services through its wholesale and consumer businesses, including consumer and small business banking, commercial banking, investment banking, wealth management, and specialized lending services.

In other recent news, Truist Financial Corporation reported impressive earnings for the second quarter of 2025. The company achieved earnings per share of $1.19, surpassing analyst expectations of $0.92 by 29.35%. Additionally, Truist Financial’s revenue slightly exceeded projections, reaching $5.04 billion compared to the anticipated $5.02 billion. Despite these strong financial results, Raymond James adjusted its price target for Truist Financial from $50.00 to $48.00, though it maintained an Outperform rating. The firm cited the company’s core earnings per share performance and reiterated full-year guidance as reasons for maintaining the rating. These developments highlight the company’s strong financial performance and ongoing analyst evaluations.

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