Truist Financial declares $0.2962 dividend on Series I preferred depositary shares
Truist Financial has declared a $0.2962 dividend on depositary shares, each representing a 1/4,000 interest in a Series I preferred share. Source: Seeking Alpha.
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what happened
Truist Financial Corporation has declared a dividend of $0.2962 per depositary share. Each share represents a 1/4,000 interest in a Series I non-cumulative perpetual preferred stock.
The announcement was reported by Seeking Alpha.
why it matters
Dividend declarations on preferred securities are routine and usually have little effect on the broader market. For Series I holders it confirms the current payout level, while for the banking sector it is one small part of capital distribution.
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sources
- Truist Financial Corporation Dep Sh, representing 1/4,000th interest in a share of Series I Non-Cum Ppt Prfd Stk declares $0.2962 dividend — Seeking Alpha, 28 October 2026 at 04:05 UTC
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