SunTrust Board Approves Increase in Common Stock Dividend

ATLANTA, Aug. 14, 2018 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.50 per common share.  The dividend is payable on September 17, 2018, to common shareholders of record at the close of business on August 31, 2018. 

The board of directors also declared the following dividends payable in cash on September 17, 2018, to preferred shareholders of record at the close of business on August 31, 2018:

• a quarterly cash dividend of $1,022.22(1) per share on SunTrust's Perpetual Preferred Stock, Series A ($100,000 liquidation preference per share).  The amount of the dividend on each Series A Depositary Share ($25 liquidation preference per share) will be $0.255(2); and
• a quarterly cash dividend of $1,022.22(1) per share on SunTrust's Perpetual Preferred Stock, Series B ($100,000 liquidation preference per share).

About SunTrust Banks, Inc.

SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of June 30, 2018, SunTrust had total assets of $208 billion and total deposits of $161 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. Learn more at suntrust.com.

Editor's Note:  The preferred stock dividends have been rounded for reader convenience.                           (1) The precise amount is $1,022.22222222222.                          (2) The precise amount is $0.255555555555556.

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SOURCE SunTrust Banks, Inc.