Truist Financial: The Preferred Dividend Enjoys Excellent Coverage
Summary
Truist Financial's preferred dividends are well covered, using less than 7% of net income, reflecting strong financial h...
Truist Financial's preferred dividends are well covered, using less than 7% of net income, reflecting strong financial health and reliable income for investors. Series R preferred shares offer a 6.1% yield at a discount with low call risk, making them attractive for fixed-income portfolios seeking stability and value. Truist's common shares also look appealing, trading at just 9x 2027 earnings estimates, supported by credible growth plans and potential for dividend hikes.