trending Market Intelligence /marketintelligence/en/news-insights/trending/4uiyfe1rrc8dydp71apn7q2 content esgSubNav
In This List

SunTrust hikes dividend

Blog

Banking Essentials Newsletter: July 10th Edition

Blog

Enabling Growth in the EMEA Loan Market

Podcast

Masters of Risk | Episode 12 - Women's Panel

Blog

Banking Essentials Newsletter: June 26th Edition


SunTrust hikes dividend

As planned, the board of SunTrust Banks Inc. declared a regular quarterly cash dividend of 50 cents per common share.

The dividend, which is 10 cents higher than the previous payout, will be payable on Sept. 17 to common shareholders of record at the close of business on Aug. 31.

As previously reported in June, the Federal Reserve did not object to the Atlanta-based company's capital plans under the Comprehensive Capital Analysis and Review. Aside from the dividend increase, the company plans common-stock buybacks of up to $2.0 billion between July 1, 2018, and June 30, 2019.