SunTrust Banks authorizes buyback of up to 10 million shares
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Posted 5:21PM on Tuesday, November 12, 2002
ATLANTA - The board of SunTrust Banks Incorporated authorized the buyback of up to 10 million common shares. <br>
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In a news release Tuesday, the company says this buyback is in addition to the share repurchase announced June 13, 2001. About 700,000 unpurchased shares remain from the previous buyback. <br>
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The company, which has 285 million shares outstanding, also declared a regular quarterly cash common dividend of 43 cents. The dividend is payable on December 13th to shareholders of record on November 29.
