Truist Financial's last quarterly dividend was on May 11, 2023 (ex-date) with a distribution of $0.52 per share. On an annualized basis, the company has a current payout of $2.08 per share. This brings the dividend yield to 6.83% based on its recent close price.
TFC has a dividend yield of 6.83% which is above the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 3.91%, Truist Financial's dividend yield is 75% higher. The historical 5-year average of TFC's dividend yield is 3.8%, which is less than the current yield.
Truist Financial has been paying dividends since 1994. TFC has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 8% since one year ago. And with the stock price down by 39% from a year ago, the dividend yield has grown by 77%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 11, 2023 | Jun 1, 2023 | Apr 25, 2023 | $0.52 | normal |
| Feb 9, 2023 | Mar 1, 2023 | Jan 24, 2023 | $0.52 | normal |
| Nov 9, 2022 | Dec 1, 2022 | Oct 25, 2022 | $0.52 | normal |
| Aug 11, 2022 | Sep 1, 2022 | Jul 26, 2022 | $0.52 | normal |
| May 12, 2022 | Jun 1, 2022 | $0.48 | normal | |
| Feb 10, 2022 | Mar 1, 2022 | Jan 25, 2022 | $0.48 | normal |
| Nov 10, 2021 | Dec 1, 2021 | Oct 26, 2021 | $0.48 | normal |
| Aug 12, 2021 | Sep 1, 2021 | Jul 27, 2021 | $0.48 | normal |
| May 13, 2021 | Jun 1, 2021 | Apr 27, 2021 | $0.45 | normal |
| Feb 11, 2021 | Mar 1, 2021 | Jan 26, 2021 | $0.45 | normal |
| Nov 12, 2020 | Dec 1, 2020 | Oct 27, 2020 | $0.45 | normal |
| Aug 13, 2020 | Sep 1, 2020 | Jul 28, 2020 | $0.45 | normal |
| May 14, 2020 | Jun 1, 2020 | Apr 28, 2020 | $0.45 | normal |
| Feb 13, 2020 | Mar 2, 2020 | Jan 28, 2020 | $0.45 | normal |
| Nov 7, 2019 | Dec 2, 2019 | Oct 22, 2019 | $0.45 | normal |
| Aug 13, 2019 | Sep 3, 2019 | Jul 30, 2019 | $0.45 | normal |
| May 14, 2019 | Jun 3, 2019 | Apr 30, 2019 | $0.405 | normal |
| Feb 12, 2019 | Mar 1, 2019 | Jan 29, 2019 | $0.405 | normal |
| Nov 8, 2018 | Dec 3, 2018 | Oct 22, 2018 | $0.405 | normal |
| Aug 9, 2018 | Sep 4, 2018 | Jul 24, 2018 | $0.405 | normal |
| May 10, 2018 | Jun 1, 2018 | Apr 24, 2018 | $0.375 | normal |
| Mar 5, 2018 | Mar 20, 2018 | Feb 22, 2018 | $0.045 | special |
| Feb 8, 2018 | Mar 1, 2018 | Jan 23, 2018 | $0.33 | normal |
| Nov 9, 2017 | Dec 1, 2017 | Oct 23, 2017 | $0.33 | normal |
| Aug 9, 2017 | Sep 1, 2017 | Jul 25, 2017 | $0.33 | normal |
| May 10, 2017 | Jun 1, 2017 | Apr 25, 2017 | $0.3 | normal |
| Feb 8, 2017 | Mar 1, 2017 | Jan 24, 2017 | $0.3 | normal |
| Nov 8, 2016 | Dec 1, 2016 | Oct 25, 2016 | $0.3 | normal |
TFC has a payout ratio of 46% which is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 32.1%, Truist Financial's payout ratio is 43% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TFC Truist Financial Corp | 6.83% | $2.08 | 46% |
| NBTB Nbt Bancorp Inc | 3.58% | $1.2 | 35.2% |
| NBHC National Bank Holdings Corp | 3.31% | $0.99 | 37.2% |
Yes, Truist Financial has paid four dividends in the last 12 months. TFC has been paying dividends since 1994.
TFC hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in August 2023.
Truist Financial's last regular dividend was on May 11, 2023 (ex-date) with the amount of $0.52 per share.
TFC has paid dividend of $2.08 per share in the last year.
The current dividend yield of Truist Financial is 6.83%.
Truist Financial has a quarterly dividend frequency.
Truist Financial's dividend payout ratio is 46%.
Truist Financial's dividend yield is more than the Financial Services sector average.