SunTrust Banks Declare Regular Quarterly Dividend

SunTrust Banks, Inc. STI disclosed that its board has declared a regular quarterly cash dividend of $0.24 per share. The company stated that the dividend would be payable on June 15, 2016, to its shareholders. For that purpose, the company has fixed a record date of May 31 at the close of business hours

The company stated that its board also declared a quarterly cash dividend of $1,022.22 per share on SunTrust's Perpetual Preferred Stock, Series A; Similarly, a quarterly cash dividend of $1,022.22 per share on its Perpetual Preferred Stock, Series B; and a quarterly cash dividend of $1,468.75 per share on SunTrust's Perpetual Preferred Stock, Series E; and semi-annual cash dividend of $2,812.50 per share on SunTrust's Perpetual Preferred Stock, Series F.

SunTrust Banks said the board of directors also declared that the dividends were payable in cash on June 15 to shareholders of record at the close of business on May 31.

On Monday, the stock traded higher by 1.41 percent.