SYS-CON MEDIA Authors: Eric Brown, Bob Gourley, Sandi Mappic, RealWire News Distribution, Kevin Benedict

News Feed Item

SunTrust Announces Increase in Common Stock Dividend

ATLANTA, April 22, 2014 /PRNewswire/ -- The Board of Directors of SunTrust Banks, Inc. (NYSE: STI) today announced an increase in the dividend on SunTrust common stock.  A quarterly cash dividend of $0.20 per common share was declared payable on June 16, 2014, to shareholders of record at the close of business on May 30, 2014.  The previous quarterly dividend was $0.10.

The Board of Directors also declared the following dividends payable in cash on
June 16, 2014, to shareholders of record at the close of business on May 30, 2014:

  • a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series A;
  • a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series B; and
  • a quarterly cash dividend of $1,468.75 per share on SunTrust's Perpetual Preferred Stock, Series E.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients.  As of March 31, 2014, SunTrust had total assets of $179.5 billion and total deposits of $133 billion.  Through its flagship subsidiary, SunTrust Bank, the company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels.  The company also serves clients in selected markets nationally.  Its primary businesses include deposit, credit, trust and investment services.  Through its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services.  SunTrust's Internet address is suntrust.com.

* Editor's Note:  The preferred stock dividend has been rounded for reader convenience.  The precise amount is $1,022.22222222222.

 

SOURCE SunTrust Banks, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.