Dividend Growth of SunTrust Banks, Inc.(STI)

SunTrust Banks(STI) is having a Dividend Yield of 1.73% with the Annual cash Dividend per share of $1. The last quarter cash dividend per share pay out was $0.26. SunTrust Banks has a 5 year average dividend yield of 1.62% and the stock has a Indicated annual dividend of $1.04. SunTrust Banks(STI) formally announced its most recent dividend on February 14, 2017 with a Dividend per share of $0.26. The new indicated annual dividend based on announced dividend per share is $1.04. The dividend yield based on the forward looking indicated annual dividend is 1.73%. SunTrust Banks(STI) has the most recent dividend payout ratio of 0.29 with a 5-year average payout ratio of 0.2. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.1. The 5 year historical dividend growth of SunTrust Banks(STI) is at the rate of 52.39% while the R-Squared dividend growth is 0.88. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

SunTrust Banks, Inc. (NYSE:STI) witnessed a decline in the market cap on Thursday as its shares dropped 0.32% or 0.19 points. After the session commenced at $59.88, the stock reached the higher end at $60.1 while it hit a low of $59.34. With the volume soaring to 3,242,994 shares, the last trade was called at $59.85. The company has a 52-week high of $60.31. The company has a market cap of $29,374 million and there are 490,797,750 shares in outstanding. The 52-week low of the share price is $32.445. Shares of SunTrust Banks, Inc. rose by 3.67% in the last five trading days and 10.1% for the last 4 weeks. SunTrust Banks, Inc. is up 14.83% in the last 3-month period. Year-to-Date the stock performance stands at 9.12%.

Currently the company Insiders own 0.67% of SunTrust Banks, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.08% . Institutional Investors own 82.17% of SunTrust Banks, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -11.97%. Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Raymond D Fortin (Corp. EVP & General Counsel) sold 10,000 shares at 57.85 per share price.On Feb 1, 2017, Frank P Jr Scruggs (director) purchased 200 shares at 56.63 per share price.On Jan 25, 2017, Mark A Chancy (Corp. EVP-Wholesale Bank Exec) sold 30,019 shares at 0.00 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Jan 23, 2017 to Outperform, Raises Price Target to $ 65 from a previous price target of $63 .SunTrust Banks was Upgraded by Sandler ONeill to Buy on Jan 23, 2017. SunTrust Banks was Initiated by UBS on Jan 11, 2017 to Neutral, Price Target of the shares are set at $58.Company shares were Reiterated by Barclays on Jan 3, 2017 to Equal Weight, Raises Price Target to $ 62 from a previous price target of $49 .Company shares were Reiterated by Wedbush on Nov 30, 2016 to Neutral, Raises Price Target to $ 53 from a previous price target of $51 .

SunTrust Banks Last issued its quarterly earnings results on Jan 20, 2017. The company reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.88. The company had revenue of $2192.00 million for the quarter, compared to analysts expectations of $2193.24 million. The companys revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

SunTrust Banks, Inc. is a commercial banking organization. The company provides a wide range of services to meet the financial needs of its growing customer base in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia, and the District of Columbia. Its primary businesses include traditional deposit and credit services as well as trust and investment services. (Company Press Release)


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