Why Is Truist Financial's Dividend So High?

The super-regional bank Truist Financial (NYSE: TFC), which is the seventh-largest bank by assets in the U.S., has a dividend yield of nearly 6.3%. Let's take a look at how Truist has amassed such a large dividend yield and if it can sustain it moving forward. Many banks have seen their share prices drop and their annual dividend yields rise thanks to the recent banking crisis.