I heard something quite different. KK said the dividend would be evaluated by the board no later than June. As always, he noted the importance of the dividend to the retail investors who own about 60% of BBT. He also noted that the dividend would be influenced by regulatory requirements/influence, TARP, and the overall business environment.
His support of the dividend was much stronger on the 4th qtr call. I am concluding that it will be cut.
It's not clear at all to me how much of a cut is coming or whether it will impact the share price significantly.