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BB&T Corporation Message Board

  • hnancysh hnancysh Mar 14, 2005 10:50 AM Flag

    News

    The following Press Release was out this Monday morning:

    BB&T named 'Dividend Achiever' by Mergent
    Monday March 14, 9:19 am ET

    WINSTON-SALEM, N.C., March 14 /PRNewswire-FirstCall/ -- BB&T Corporation (NYSE: BBT - News) today said it has been named to the elite 2005 Dividend Achievers Index by Mergent Inc., a New York City-based provider of global financial information.

    The annual list of Dividend Achievers is made up of publicly traded companies that have increased their cash dividends every year for at least the past 10 years. They typically have "strong cash reserves, solid balance sheets and a proven record of consistent earnings growth," according to Mergent.

    The 2005 Dividend Achievers Index consists of only 314 firms out of the 15,000 Mergent tracks.

    "We're certainly pleased to be recognized by Mergent for our excellent record of annually raising cash dividends," said BB&T Chairman and Chief Executive Officer John Allison. "BB&T is primarily owned by individual retail shareholders who value a consistent and healthy growth rate in dividends."

    BB&T has increased its quarterly cash dividend payments for 33 consecutive years, which puts it in the top 15 percent on the Dividend Achievers list for consecutive yearly increases.

    BB&T also has one of the nation's longest records of continuous dividend payments - and the longest among banks. It has paid a cash dividend to shareholders every year since 1903.

    The five-year compound growth rate for BB&T's quarterly dividend payment is 11.8 percent, compared to 3.02 percent for the S&P 500. The 10-year compound growth for BB&T's dividend payments is 13.9 percent, compared to 3.9 percent for the S&P 500.

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