UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | |
Date of Report (Date of earliest event reported) | June 29, 2016 |
SunTrust Banks, Inc. |
(Exact name of registrant as specified in its charter) |
Georgia | 001-08918 | 58-1575035 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
303 Peachtree St., N.E., Atlanta, Georgia | 30308 | |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code | (800) 786-8787 |
Not Applicable |
(Former name or former address, if changed since last report) |
SUNTRUST BANKS, INC. | |||||
(Registrant) | |||||
Date: June 29, 2016. | By: | /s/ David A. Wisniewski | |||
David A. Wisniewski, Senior Vice President, | |||||
Deputy General Counsel and Assistant Secretary |
• | An 8% increase in the quarterly common stock dividend from $0.24 per share to $0.26 per share, beginning in the third quarter of 2016; |
• | Authorization to repurchase $960 million of outstanding common stock between July 1, 2016 and June 30, 2017 (a 37% increase in the average quarterly repurchase amount compared to the previous authorization); |
• | Maintaining dividend payments on the Company’s preferred stock. |
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