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STI Buyback image

SunTrust Banks, Inc. Buyback

OLI recorded this information on 6/28/2018

Company: SunTrust Banks, Inc.
Buyback: STI buyback
$Amount Authorized: $2,000,000,000
Buyback Details: SunTrust Banks, Inc. (NYSE: STI and the "Company") announced today that the Federal Reserve Board has completed its review of the Company's capital plan submitted in connection with the 2018 Comprehensive Capital Analysis and Review (CCAR) and has no objections to the Company's planned capital actions. The capital actions, subject to the approval of SunTrust's Board of Directors and anticipated to cover four quarters, include a 25% increase in the quarterly common stock dividend from $0.40 per share to $0.50 per share, beginning in the third quarter of 2018; Authorization to repurchase $2.0 billion of outstanding common stock between July 1, 2018 and June 30, 2019 (a 52% increase compared to the previous authorization); Maintaining dividend payments on the Company's preferred stock.

Nubia Brand International is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Preferreds: STI.PRA, STI.PRE


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STI — Key Stats (updated 11 hours, 28 minutes ago)
Company Name:  Solidion Technology Inc
Stock buyback:  STI buyback
Sector:  Uncategorized
Number of ETFs Holding STI:  2
Total Market Value Held by ETFs:  $344828
Total Market Capitalization:  $8.00M
% of Market Cap. Held by ETFs:  4.31%
 

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April 26, 2024  •  11:05 PM Eastern
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