Truist Financial Corp. (NYSE: TFC) will keep its dividend rate steady in the third quarter. Truist said on Tuesday dividends will stay at 45 cents per share, if its board approves. The Charlotte-based bank joins many of its peers in keeping a steady rate. It stems from the Federal Reserve's mandate last week that restricts the banks from increasing dividends in the third quarter. The Fed announced the restriction when it released the results of this year's Dodd-Frank Act stress tests, or DFAST,…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2020/06/30/truist-financial-releases-dividend-plan.html?ana=RSS&s=article_search
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