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Truist Bank has a strong track record of paying consistent dividends to its shareholders. In fact, the bank has increased its quarterly dividend by 3% in 2022.
As of 2022, Truist Bank's dividend yield is around 4.3%, which is higher than the average dividend yield of its peers. This indicates that investors can expect a relatively high return on their investment in the form of dividends.
Truist Bank's dividend payout ratio is around 35%, which is a relatively safe level for a bank. This means that the bank has a solid financial foundation to support its dividend payments.
The bank's dividend growth rate has been around 10% annually over the past five years, which is a sign of a healthy and growing business.
Truist Bank Stock
Truist Bank Stock offers a significant dividend yield, with a value of 4.33% as of the latest available data. This means that investors can expect a substantial return on their investment in the form of dividends.
In comparison to its sector, country, and the world, Truist Financial Corporation's dividend yield is relatively high. According to the percentile ranks table, its dividend yield is higher than 74% of companies in its country, and 0.75 of companies in the world.
The table below breaks down Truist Financial Corporation's dividend yield relative to its sector, country, and the world:
This information allows investors to quickly compare Truist Financial Corporation's dividend metrics to its peers in the sector, country, and the world, and evaluate its relative stability and growth potential.
Payment Details
When it comes to dividend payments, stability and growth are key factors to consider. TFC's stable dividend is a reassuring trait, as its dividends per share have been stable in the past 10 years.
TFC's dividend payments have increased over the past 10 years, a trend that's music to the ears of investors seeking growth.
The consistency of TFC's dividend payments is a testament to the bank's financial health and ability to generate steady returns for shareholders.
Shareholder Information
As a shareholder of Truist Bank stock, it's essential to understand the dividend information that's available to you.
The total shareholder yield is a significant 5.2%, which is a great indicator of the company's commitment to returning value to its investors.
You can expect a dividend per share of US$2.080, which is a substantial payout.
Here are the key dividend dates you should keep in mind:
The dividend growth rate is an impressive 7.6%, which suggests that the company is committed to increasing its dividend payments over time.
Market and Analysts
Truist Bank's dividend yield is 4.4%, which is higher than the bottom 25% of dividend payers in the US market, but lower compared to the top 25% of dividend payers.
The bank's dividend yield of 4.37% is notable, considering it's higher than the bottom 25% of dividend payers in the US market, which have a yield of 1.41%. On the other hand, it's lower compared to the top 25% of dividend payers, which have a yield of 4.45%.
Truist Financial Corporation is covered by 54 analysts, who submit estimates of revenue or earnings used in reports. Here are a few of the analysts who have submitted estimates: AnalystInstitutionStephen BiggarArgus Research CompanyDavid GeorgeBairdJason GoldbergBarclays
Comparing Stocks
When comparing stocks, it's essential to consider their dividend yields. Truist Financial Corporation (TFC) has a dividend yield of 4.33%, which is higher than 74% of companies in its country.
Comparing this to its sector, TFC's dividend yield is 0.76, meaning it's higher than 76% of companies in its sector. This indicates that TFC is a strong performer in terms of dividend yield.
To better understand how TFC's dividend yield stacks up against its peers, let's take a look at the percentile ranks table:
This table shows that TFC's dividend yield is higher than most of its peers in its sector, country, and the world.
Market
The market is a complex beast, and understanding how it compares to your investments is crucial. TFC's dividend yield of 4.4% is higher than the bottom 25% of dividend payers in the US market, which averages around 1.4%. This suggests that TFC's dividend is relatively stable and less likely to be cut.
However, it's worth noting that TFC's dividend yield is actually lower than the top 25% of dividend payers in the US market, which averages around 4.5%. This means that there are other companies in the market that are paying out even higher dividends.
Here's a quick comparison of TFC's dividend yield to the market:
As we can see, TFC's dividend yield falls somewhere in the middle of the pack. This can be a good thing, as it suggests that TFC's dividend is relatively stable and less likely to be cut.
Analyst Sources
We're lucky to have a team of experts who help us make informed decisions about the market. Truist Financial Corporation is covered by 54 analysts.
These analysts are from various institutions, including Argus Research Company, Baird, and Barclays. They're always updating their estimates of revenue or earnings, which we use as inputs for our reports.
Let's take a look at some of the analysts who submitted estimates. Here are a few examples:
These analysts are doing their part to help us stay on top of the market.
Frequently Asked Questions
Is TFC dividend safe?
Truist Financial's dividend has been stable for a long time, indicating a strong potential for future dividend payments
Is Truist Financial a good stock to buy?
According to analyst recommendations, 50% of experts strongly recommend buying Truist Financial stock, while 35.7% suggest holding it. If you're considering investing, here's how to buy Truist Financial stock.
What is the dividend payout ratio for TFC?
Unfortunately, the provided text does not mention the dividend payout ratio for TFC. However, we can estimate it by dividing the dividend yield by the company's profit margin, which is not provided here.
Sources
- https://stockanalysis.com/stocks/tfc/dividend/
- https://www.koyfin.com/company/tfc/dividends/
- https://www.stocktitan.net/news/TFC/truist-declares-common-and-preferred-stock-5x06sp2vvmwk.html
- https://media.truist.com/2023-06-30-Truist-announces-planned-dividend-and-stress-capital-buffer-requirement-following-release-of-2023-CCAR-results
- https://simplywall.st/stocks/us/banks/nyse-tfc/truist-financial/dividend
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