Truist Financial Corporation (TFC) to Issue Quarterly Dividend of $0.52 on December 1st

Truist Financial Corporation (NYSE:TFC) announced a quarterly dividend on Tuesday, October 28th. Investors of record on Friday, November 14th will be paid a dividend of 0.52 per share by the insurance provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 14th.

Truist Financial has raised 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.4%

Shares of NYSE TFC opened at $45.32 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average price is $44.74 and its two-hundred day moving average price is $43.26. Truist Financial has a 52-week low of $33.56 and a 52-week high of $49.06. The stock has a market capitalization of $57.98 billion, a P/E ratio of 12.18, a PEG ratio of 1.20 and a beta of 0.92.

Truist Financial (NYSE:TFC) last issued its earnings results on Friday, October 17th. The insurance provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.99 by $0.05. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the firm earned $0.97 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Truist Financial will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. TIAA Trust National Association lifted its holdings in Truist Financial by 1.1% in the third quarter. TIAA Trust National Association now owns 27,705 shares of the insurance provider’s stock worth $1,267,000 after purchasing an additional 291 shares during the period. DNB Asset Management AS raised its position in shares of Truist Financial by 3.3% during the 3rd quarter. DNB Asset Management AS now owns 244,144 shares of the insurance provider’s stock worth $11,162,000 after buying an additional 7,838 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Truist Financial by 3.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,573,653 shares of the insurance provider’s stock worth $117,667,000 after acquiring an additional 77,851 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of Truist Financial in the 3rd quarter worth approximately $110,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Truist Financial by 47.2% in the third quarter. Intech Investment Management LLC now owns 62,884 shares of the insurance provider’s stock valued at $2,875,000 after acquiring an additional 20,159 shares in the last quarter. 71.28% of the stock is owned by institutional investors and hedge funds.

Truist Financial Company Profile

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.