BB&T declares 23-cent second-quarter dividend
Board also declares preferred stock dividends

WINSTON-SALEM, N.C., April 23, 2013 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared a quarterly dividend of $0.23 per common share payable June 3, 2013, to shareholders of record at the close of business May 10, 2013. The dividend is a 15-percent increase from the same quarter in 2012.

The board of directors has also declared the following:

  • A regular quarterly dividend of $121.875 per share (equivalent to $0.121875 per depositary share or 1/1,000th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrD), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.
  • A regular quarterly dividend of $117.1875 per share (equivalent to $0.1171875 per depositary share or 1/1,000th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrE), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.
  • A regular quarterly dividend of $108.333 per share (equivalent to $0.108333 per depositary share or 1/1,000th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrF), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.

The preferred stock dividends represent payments from May 1-31 and are in addition to those to be paid May 1 as previously announced in the Corporation's Feb. 26 news release. Additional details about the preferred stock dividend payments are included in BB&T's Special Meeting proxy statement filed March 12. The related proposal was approved by the Corporation's shareholders April 23. 

BB&T has approximately 701 million shares of common stock, 23 million depositary shares related to its Series D Non-Cumulative Perpetual Preferred Stock, 46 million depositary shares related to its Series E Non-Cumulative Perpetual Preferred Stock and 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock. BB&T has paid a cash dividend to shareholders of common stock every year since 1903.

About BB&T
BB&T (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $181 billion in assets and market capitalization of $22.0 billion, as of March 31, 2013. Based in Winston-Salem, N.C., the company operates 1,842 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.

SOURCE BB&T Corporation

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here