ATLANTA, Aug. 9, 2016 /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 $0.26 per
common share was declared payable on September 15, 2016, to shareholders of record at
the close of business on August 31,
2016. The previous quarterly dividend was $0.24.
The board of directors also declared the following dividends
payable in cash on September 15,
2016, to shareholders of record at the close of business on
August 31, 2016:
- 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.
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 three business segments: Consumer Banking and Private
Wealth Management, Wholesale Banking, and Mortgage Banking. 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 June
30, 2016, SunTrust had total assets of $199 billion and total deposits of $153 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 dividend has been
rounded for reader convenience. The precise amount
is $1,022.22222222222.
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SOURCE SunTrust Banks, Inc.