Truist Financial Corporation (TFC) To Go Ex-Dividend on August 14th

Truist Financial Corporation (NYSE:TFC) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.52 per share by the insurance provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 14th.

Truist Financial has increased its dividend payment by an average of 0.0%annually over the last three years. Truist Financial has a dividend payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Truist Financial to earn $4.98 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 41.8%.

Truist Financial Price Performance

NYSE TFC opened at $52.34 on Thursday. The company has a market cap of $65.21 billion, a PE ratio of 12.00, a P/E/G ratio of 0.96 and a beta of 0.89. The firm’s 50 day moving average price is $50.12 and its 200-day moving average price is $49.59. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 0.86. Truist Financial has a 52-week low of $40.78 and a 52-week high of $56.19.

Truist Financial (NYSE:TFC) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.24 billion. Truist Financial had a net margin of 19.13% and a return on equity of 10.06%. Truist Financial’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Sell-side analysts forecast that Truist Financial will post 4.59 EPS for the current fiscal year.

About Truist Financial

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.