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

Truist Financial Corporation (NYSE:TFC) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.52 per share by the insurance provider on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, February 13th.

Truist Financial has raised its dividend by an average of 0.0%annually over the last three years. Truist Financial has a payout ratio of 46.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Truist Financial to earn $4.55 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 45.7%.

Truist Financial Price Performance

Shares of TFC traded down $0.73 during mid-day trading on Wednesday, hitting $50.16. 3,691,001 shares of the company were exchanged, compared to its average volume of 9,813,642. The stock has a market cap of $64.17 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89. Truist Financial has a 1-year low of $33.56 and a 1-year high of $51.51. The company has a 50 day moving average of $49.00 and a 200-day moving average of $46.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.87.

Truist Financial (NYSE:TFC) last posted its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.09). The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Truist Financial had a return on equity of 9.03% and a net margin of 17.09%.Truist Financial’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Analysts expect that Truist Financial will post 4 EPS for the current fiscal year.

Truist Financial Company Profile

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.