ATLANTA, Nov. 15, 2017 /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 December 15, 2017, to common shareholders of record at the close of business on November 30, 2017.
The board of directors also declared the following dividends payable in cash on December 15, 2017, to preferred shareholders of record at the close of business on November 30, 2017:
- a quarterly cash dividend of $1,011.111 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 $0.2532;
- a quarterly cash dividend of $1,011.111 per share on SunTrust's Perpetual Preferred Stock, Series B ($100,000 liquidation preference per share);
- a quarterly cash dividend of $1,468.75 per share on SunTrust's Perpetual Preferred Stock, Series E ($100,000 liquidation preference per share). The amount of the dividend on each Series E Depositary Share ($25 liquidation preference per share) will be $0.3673;
- 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 $28.124; and
- a semi-annual cash dividend of $3,128.195 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 $31.286.
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. 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 September 30, 2017, SunTrust had total assets of $208 billion and total deposits of $163 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com
Editor's Note: The preferred stock dividends have been rounded for reader convenience.
1The precise amount is $1,011.11111111111.
2The precise amount is $0.252777777777778.
3The precise amount is $0.3671875.
4The precise amount is $28.125.
5The precise amount is $3,128.19444444444.
6The precise amount is $31.28194444444.
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SOURCE SunTrust Banks, Inc.
