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SUNTRUST INCREASES DIVIDEND 14.3 PERCENT; $1.28 NEW INDICATED ANNUAL RATE

 ATLANTA, Nov. 9 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) today voted a 14.3 percent increase in the cash dividend paid on the company's common stock.
 This action by the board raises the indicated annual cash dividend rate from $1.12 to $1.28 per common share.
 A quarterly cash dividend at the new rate of $.32 per common share was declared payable Dec. 15, to shareholders of record Dec. 1. The new quarterly dividend payment totals approximately $40 million on the currently outstanding shares of SunTrust common stock.
 -0- 11/9/93
 /CONTACT: Jim Armstrong of SunTrust, 404-588-7425/
 (STI)


CO: SunTrust Banks, Inc. ST: Georgia IN: FIN SU: DIV

BR-BN -- AT005 -- 2219 11/09/93 11:09 EST
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Publication:PR Newswire
Date:Nov 9, 1993
Words:124
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