Truist Financial stock dividend – Truist Financial Corporation (NYSE: TFC) Announces Quarterly Dividend of $0.52 Per Share

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Truist Financial ($NYSE:TFC) Corporation announced a quarterly dividend of $0.52 per share today, payable December 1, 2020 to shareholders of record on November 10, 2020. The ex-dividend date is November 9, 2020. Truist Financial Corporation is a leading financial services company headquartered in Charlotte, North Carolina. The company provides a full range of banking, asset management, capital markets, and insurance products and services to clients throughout the United States.

Truist has a long history of paying dividends to shareholders and remains committed to delivering value to shareholders through dividends and share repurchases. Truist has increased its dividend for four consecutive quarters and remains well-capitalized to continue growing its dividend in the future.

Dividends – Truist Financial stock dividend

Through its subsidiaries, the Company provides banking and trust services, retail and commercial banking, investment banking, capital markets, and wealth management solutions. The Company’s segments include Consumer Banking, Corporate and Investment Banking, and Wealth and Investment Management. Consumer Banking offers deposit products, loan products, and related services to individuals and small businesses.

Corporate and Investment Banking provides lending, treasury management, capital markets, and merger and acquisition advisory services to middle market and large corporations, institutional clients, and government entities. Wealth and Investment Management provides fiduciary services, asset management, and trust and private banking solutions.

Share Price

This news comes as shares of TRUIST FINANCIAL have been on the rise. On Tuesday, the stock opened at $42.4 and closed at $43.8, up by 2.8% from the prior closing price of $42.7. This upward trend seems to be continuing, as investors are betting on the company’s strong future prospects.

Furthermore, the company has a strong track record of paying and increasing its dividends. This, combined with its solid financial position, makes TRUIST FINANCIAL a very attractive investment option.

VI Analysis

Cheetahs are known for their speed, and Truist Financial is no different. This company has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. While this may not be the most appealing type of company for some investors, others may find the potential for high growth to be worth the risk.

Truist Financial has a high health score of 9/10 with regard to its cashflows and debt, meaning it is capable of safely riding out any crisis without the risk of bankruptcy. This makes it an attractive option for investors who are willing to take on a bit more risk in exchange for the chance of higher rewards.

VI Peers

Truist Financial Corp is a large financial institution that offers a variety of banking and financial services to its customers. Its competitors include Public Bank Bhd, Bandhan Bank Ltd, and Bank of Georgia Group PLC.

– Public Bank Bhd ($KLSE:1295)

Public Bank Bhd is a Malaysian bank holding company. It was founded in 1966 and is headquartered in Kuala Lumpur. The company provides banking and financial services to individuals, businesses, and governments in Malaysia, Singapore, Cambodia, and Vietnam. Public Bank Bhd has a market cap of 84.24B as of 2022. The company’s main business activities are deposit-taking, loan and financing, foreign exchange, money market and treasury operations, and other related services.

– Bandhan Bank Ltd ($BSE:541153)

Bandhan Bank Ltd is an Indian banking and financial services company headquartered in Kolkata, West Bengal. It was founded in 2001 by Chandra Shekhar Ghosh. As of March 2019, the bank had 9,421 branches and 13,958 ATMs across 2,764 cities in India. Bandhan Bank offers banking products and services including savings and deposit accounts, loans, debit and credit cards, money transfer, and insurance. The bank had a market capitalization of 432.67 billion as of March 2019.

– Bank of Georgia Group PLC ($LSE:BGEO)

Bank of Georgia Group PLC is a leading banking group in Georgia, offering a wide range of banking and financial services to individuals, businesses and corporate clients. The Group has a significant market share in deposits, loans, credit cards and other key banking indicators. It is also the largest non-bank financial institution in the country. The Group employs around 4,000 people and serves over 1.5 million customers through a network of 97 branches and 202 ATMs across Georgia.

Summary

Investing in Truist Financial Corporation can be a great way to generate income and grow your portfolio. This dividend yield is quite attractive, especially for income investors. Truist Financial Corporation is one of the largest banks in the United States. It has a strong presence in the Southeast region of the country and has a diversified portfolio of lending and deposit products.

The company is well-positioned to benefit from the continued economic growth in the United States. Investors should keep an eye on Truist Financial Corporation as it continues to execute on its strategic plan. The company is a great way to generate income and grow your portfolio.