Truist Financial Corporation Plans Quarterly Dividend of $0.52 (NYSE:TFC)

Truist Financial Corporation (NYSE:TFC) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.52 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, August 14th.

Truist Financial has increased its dividend by an average of 0.0%per year over the last three years. Truist Financial has a payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Truist Financial to earn $4.98 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 41.8%.

Truist Financial Trading Down 0.1%

NYSE TFC opened at $52.95 on Wednesday. The firm has a market cap of $65.96 billion, a PE ratio of 12.13, a P/E/G ratio of 0.95 and a beta of 0.89. Truist Financial has a one year low of $40.78 and a one year high of $56.19. The firm’s fifty day moving average is $50.04 and its two-hundred day moving average is $49.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 0.86.

Truist Financial (NYSE:TFC) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Truist Financial had a return on equity of 10.06% and a net margin of 19.13%.The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Truist Financial will post 4.59 earnings per share for the current year.

About Truist Financial

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.