SUNTRUST INCREASES DIVIDEND 8.7 PERCENT; $1.00 NEW INDICATED ANNUAL RATE
SUNTRUST INCREASES DIVIDEND 8.7 PERCENT;
$1.00 NEW INDICATED ANNUAL RATE
ATLANTA, Nov. 12 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) today approved an increase of 8.7 percent in the cash dividend paid on the company's common stock.
This action by the board raises the indicated annual dividend rate from $0.92 to $1.00 per common share.
A quarterly cash dividend at the new rate of $0.25 per common share was declared payable Dec. 15 to shareholders of record Dec. 1. The current quarterly dividend payment totals $32.1 million on the approximately 128.3 million shares of SunTrust common stock outstanding.
/CONTACT: Thomas C. Duer, 404-588-8912, or James C. Armstrong, 404-588-7425, both of SunTrust Banks/
(STI) CO: SunTrust Banks, Inc. ST: Georgia IN: FIN SU: DIV BN-BN -- AT007 -- 3432 11/12/91 11:47 EST