By Stephen Nakrosis
Truist Financial Corp. on Tuesday said its board raised the company's regular quarterly cash dividend by 7%.
The financial services company said its new dividend of 48 cents would be payable on Sept. 1 to shareholders of record at the close of business on Aug. 13.
Also on Tuesday, Truist said its board declared dividends on the company's Series I, Series J, Series N Fixed, Series O, Series Q Fixed and Series R preferred stock.
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(END) Dow Jones Newswires