Truist Financial's Series I Preferred Stock Crosses Above 6.5% Yield Territory
August 19, 2024 at 15:05 PM EDT
In trading on Monday, shares of Truist Financial Corp's Series I Non-Cumulative Perpetual Preferred Stock (TFC. RI) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5497), with shares changing hands as low as $23.80 on the day.