Truist Financial's Series R Preferred Stock Yield Pushes Past 6.5%

Truist Financial’s 4.75% Series R preferred stock was yielding above 6.5% based on its $1.1875 annualized dividend, with shares trading as low as $18.20. The note is a factual market update highlighting current yield and price levels rather than a new company-specific catalyst.

Analysis

Truist Financial’s 4.75% Series R preferred stock was yielding above 6.5% based on its $1.1875 annualized dividend, with shares trading as low as $18.20. The note is a factual market update highlighting current yield and price levels rather than a new company-specific catalyst.