SunTrust Banks is continuing to beam dividends down to its investors. The financial services group has declared its latest set of distributions, most notably a $0.10-per-share common stock payout. That matches the firm's previous distribution, which was dispensed in mid-June. Prior to that, the company paid half as much, or $0.05 per share.
SunTrust also declared dividends for its Series A, B, and E preferred stock. For A and B, these amount to $1,022.22 per share, while series E holders are to receive $1,468.75.
All distributions will be paid on September 16 to holders of record as of August 30.
The freshly declared common stock dividend annualizes to $0.40 per share. That yields 1.1% at SunTrust's most recent closing stock price of $34.96.
The article SunTrust Declares Quarterly Dividends originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in SunTrust Banks, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.