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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.