SunTrust Banks (NYSE: STI) declared a quarterly dividend of $0.50 per share, or $2 annualized. This is a 25% increase from the prior dividend of $0.40.

The dividend will be payable on September 17, 2018, to stockholders of record on August 31, 2018, with an ex-dividend date of August 30, 2018.

The annual yield on the dividend is 2.7 percent.

For a dividend history and other dividend-related data on SunTrust Banks (STI) click here.