This year is turning out to be better for banks than 2023. Clarity on the Federal Reserve's rate path and higher chances of a soft landing of the U.S. economy have turned investors bullish on the banking sector. Hence, keeping an eye on fundamentally solid lenders that also have impressive dividend yields will be wise now. One such bank is Truist Financial ( TFC - Free Report ). This Charlotte, NC-based bank, formed in late 2018 following the merger between BB&T Corp and SunTrust Banks, is one of the largest commercial banks in the country. Since 2022, TFC has been paying 52 cents per share as a quarterly dividend. Over the last five-year period, it raised the dividend thrice, with an annualized dividend growth rate of 5.24%. Considering last day's closing price of $34.93, Truist's dividend yield currently stands at 5.96%. This is impressive compared with the industry average of 3.81% and attractive for income investors as it represents a steady income stream.