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Truist Financial (Truist Financial) 3-Year Dividend Growth Rate

: 4.90% (As of Dec. 2023)
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Truist Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.52.

The historical rank and industry rank for Truist Financial's 3-Year Dividend Growth Rate or its related term are showing as below:

TFC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -35   Med: 10   Max: 22.3
Current: 4.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Truist Financial was 22.30% per year. The lowest was -35.00% per year. And the median was 10.00% per year.

TFC's 3-Year Dividend Growth Rate is ranked worse than
61.23% of 779 companies
in the Banks industry
Industry Median: 7.5 vs TFC: 4.90

During the past 12 months, Truist Financial's average Dividends Per Share Growth Rate was 4.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Truist Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.64. As of today, Truist Financial's Dividend Yield % is 5.40%.

Warning Sign:

Truist Financial Corp stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Banks - Regional subindustry, Truist Financial's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Truist Financial 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Truist Financial's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Truist Financial's 3-Year Dividend Growth Rate falls into.



Truist Financial 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Truist Financial  (NYSE:TFC) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Truist Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.52/ 0.81
=0.64

During the past 13 years, the highest Dividend Payout Ratio of Truist Financial was 0.59. The lowest was 0.33. And the median was 0.39.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Truist Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.5202024-02-082024-02-092024-03-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.5202023-11-092023-11-102023-12-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.5202023-08-102023-08-112023-09-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.5202023-05-112023-05-122023-06-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Truist Financial's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.08/38.735
=5.37 %

Current Share Price is $38.735.
Truist Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.08.

During the past 13 years, the highest Dividend Yield of Truist Financial was 7.66%. The lowest was 2.25%. And the median was 3.01%.

Warning Sign:

Truist Financial Corp stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Truist Financial 3-Year Dividend Growth Rate Related Terms>


Truist Financial (Truist Financial) Business Description

Address
214 North Tryon Street, Charlotte, NC, USA, 28202
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.
Executives
Rogers William H Jr officer: President and COO 214 N TRYON STREET, CHARLOTTE NC 28202
Charles A Patton director 214 N TRYON STREET, CHARLOTTE NC 28202
David M Ratcliffe director 214 N TRYON STREET, CHARLOTTE NC 28202
Steven C Voorhees director 214 N TRYON STREET, CHARLOTTE NC 28202
Kelly S King officer: President- BB&T Corporation 214 N TRYON STREET, CHARLOTTE NC 28202
Denise M Demaio officer: Chief Audit Officer 214 N TRYON STREET, CHARLOTTE NC 28202
Joseph M Thompson officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Michael Baron Maguire officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Cummins Hugh S. Iii officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
David Hudson Weaver officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Starnes Clarke R Iii officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Daryl N. Bible officer: Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Boyer K. David Jr. director 214 N TRYON STREET, CHARLOTTE NC 28202
John M Howard officer: Chief Insurance Officer 214 N TRYON STREET, CHARLOTTE NC 28202
Brantley J Standridge officer: Sr. Exec. Vice President 214 N TRYON STREET, CHARLOTTE NC 28202