8-KOther EventsExhibits & Filings

TRUIST FINANCIAL CORP 8-K Report, Corporate Update (Mar 18, 2011)

Filed March 18, 2011For Securities:TFCTFC-POTFC-PRTFC-PI

Summary

BB&T Corporation (now Truist Financial Corp) announced on March 18, 2011, its decision to increase its quarterly dividend and declare a special dividend. This filing specifically details a 1-cent increase to the regular second-quarter dividend for 2011, bringing the total regular dividend to $0.16 per common share. Additionally, the company declared a special one-time dividend of $0.01 per common share. Both the increased regular dividend and the special dividend are set to be paid on May 2, 2011, to shareholders who were on record as of April 8, 2011. This announcement signals a positive sentiment from the company regarding its financial health and commitment to returning capital to shareholders, even during potentially uncertain economic times.

Key Highlights

  • 1BB&T Corporation announced an increase to its 2011 second-quarter dividend.
  • 2The regular quarterly dividend was increased by $0.01 per common share.
  • 3The total regular second-quarter dividend will be $0.16 per common share.
  • 4A special dividend of $0.01 per common share was also declared.
  • 5Both dividends will be paid on May 2, 2011.
  • 6Shareholders of record as of April 8, 2011, are eligible to receive these dividends.
  • 7The announcement was made on March 18, 2011.

Frequently Asked Questions

For the second quarter of 2011, BB&T Corporation is paying a regular dividend of $0.16 per common share and a special dividend of $0.01 per common share, for a combined total of $0.17 per common share.

Both the increased regular dividend and the special dividend will be paid on May 2, 2011.

Shareholders of BB&T Corporation who were recorded as shareholders on April 8, 2011, are eligible to receive these dividends.

The filing specifies an increase to the '2011 second-quarter dividend' and a 'special 1-cent dividend.' This indicates that the $0.16 per share is the regular dividend for that quarter, and the $0.01 is a one-time special dividend. Future dividend amounts would be subject to further board declarations.