Truist Financial Corp

NYSE TFC

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Truist Financial Corp Dividend Payout Ratio 3 year CAGR for the quarter ending March 31, 2024: 7.85%

Truist Financial Corp Dividend Payout Ratio 3 year CAGR is 7.85% for the quarter ending March 31, 2024, a 504.48% change year over year. The dividend payout ratio measures the percentage of a company's net income that is distributed as dividends to shareholders. It is calculated by dividing dividends paid by net income. This ratio provides insights into the portion of earnings that is returned to shareholders in the form of dividends. A higher ratio indicates a larger proportion of earnings being paid out as dividends. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Truist Financial Corp Dividend Payout Ratio for the quarter ending March 31, 2023 was 52.48%, a 2.42% change year over year.
Truist Financial Corp Dividend Payout Ratio for the quarter ending March 31, 2022 was 51.24%, a 4.82% change year over year.
Truist Financial Corp Dividend Payout Ratio for the quarter ending March 31, 2021 was 48.88%, a -23.69% change year over year.
Truist Financial Corp Dividend Payout Ratio for the quarter ending March 31, 2020 was 64.06%, a 44.13% change year over year.

NYSE: TFC

Truist Financial Corp

CEO	Mr. William Henry Rogers Jr.
IPO Date	March 26, 1990
Location	United States
Headquarters	214 North Tryon Street, Charlotte, NC, United States, 28202
Employees	49,218
Sector	Financial Services
Industry	Banks - regional

Description

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. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; other direct retail lending; insurance; investment brokerage; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; small business lending; and wealth management/private banking services. In addition, it offers asset based lending, investment banking and capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, floor plan, mortgage warehouse lending, real estate lending, and supply chain financing services. Further, the company provides insurance brokerage, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment management and advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

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