SunTrust Declares Quarterly Dividends

SunTrust Declares Quarterly Dividends

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.

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