SunTrust Declares Quarterly Dividend

Date : 04/23/2019 @ 9:30PM
Source : PR Newswire (US)
Stock : SunTrust Banks Inc (STI)
Quote : 65.78  0.57 (0.87%) @ 3:16PM

SunTrust Declares Quarterly Dividend

SunTrust Banks (NYSE:STI)
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3 Months : From Apr 2019 to Jul 2019

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ATLANTA, April 23, 2019 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.50 per common share.  The dividend is payable on June 17, 2019, to common shareholders of record at the close of business on May 31, 2019. 

The board of directors also declared the following dividends payable in cash on June 17, 2019, to preferred shareholders of record at the close of business on May 31, 2019:

  • a quarterly cash dividend of $1,022.22(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 $0.255(2);
  • a quarterly cash dividend of $1,022.22(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.

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 March 31, 2019, SunTrust had total assets of $220 billion and total deposits of $162 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 $1,022.22222222222. 


(2)The precise amount is $0.255555555555556.

 

Cision View original content:http://www.prnewswire.com/news-releases/suntrust-declares-quarterly-dividend-300836825.html

SOURCE SunTrust Banks, Inc.

Copyright 2019 PR Newswire

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