Sun Trust Banks Inc. is the latest major bank to raise its dividend, lifting its quarterly payout to 28 cents a share, from 25 cents.

The new dividend is payable on Dec. 15 to shareholders of record of Dec. 1.

Several banks have raised dividends recently and one analyst, John Leonard of Salomon Brothers, predicts two-thirds of the nation's top 50 banks will do so within the next year.

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