ATLANTA, April 24, 2018 /PRNewswire/ -- The board of
directors of SunTrust Banks, Inc. (NYSE: STI) has declared a
regular quarterly cash dividend of $0.40 per common share. The dividend is
payable on June 15, 2018, to common
shareholders of record at the close of business on May 31, 2018.
The board of directors also declared the following dividends
payable in cash on
June 15, 2018, to preferred
shareholders of record at the close of business on May 31, 2018:
- a quarterly cash dividend of $1,022.221 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 $0.2552;
- a quarterly cash dividend of $1,022.221 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
$28.123;
- 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 $3,003.824 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 $30.045.
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, 2018, SunTrust had total assets of
$205 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.
1The precise amount is $1,022.22222222222.
2The precise amount is $0.255555555555556.
3The precise amount is $28.125.
4The precise amount is $3,003.81944444444.
5The precise amount is $30.03819444444.
View original
content:http://www.prnewswire.com/news-releases/suntrust-declares-quarterly-dividend-300635769.html
SOURCE SunTrust Banks, Inc.