This Stock Has A 6.38% Yield And Sells For Less Than Book

Truist Financial has been named as a Top 25 dividend stock, according the most recent Dividend Channel ”DividendRank” report. The report noted that among the coverage universe, TFC shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent TFC share price of $32.58 represents a price-to-book ratio of 0.8 and an annual dividend yield of 6.38% — by comparison, the average company in Dividend Channel’s coverage universe yields 4.1% and trades at a price-to-book ratio of 2.5. The report also cited the strong quarterly dividend history at Truist Financial, and favorable long-term multi-year growth rates in key fundamental data points.

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