PRNewswire-FirstCall/ -- The Board of Directors of SunTrust Banks, Inc. (NYSE:STI) today declared a regular quarterly cash dividend of $0.77 per common share. The dividend is payable on September 15, 2008, to shareholders of record on September 2, 2008. The indicated annual cash dividend is $3.08 per common share.
The Board of Directors also announced a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series A, declared payable in cash on September 15, 2008, to shareholders of record at the close of business on September 2, 2008.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2008, SunTrust had total assets of $177.4 billion and total deposits of $119.8 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com.
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