otis...i agree with you...my family has owned BBT stock for 30+ yrs. and have considered it one of the most stable investments we own...i enjoy banking with the BBT & have been told that each branch has growth/profitability goals that must be reached. That said i believe BBT will be profitable to the extent they can continue the dividend....(shorties beware...you are betting against a "regional banking legend" that will adapt to any financial situation)...i am betting with my investment dollars the dividend continues and is paid from increased profits...GOOD LUCK TO ALL!!!!
Branch Banking and Trust (BBT) began on the corner of Nash and Tarboro Streets in Wilson, NC. The first branch of the bank's building is still there today. The old JC Penny deparment store is the location of what is today the "Twin Towers" of BBT for they are the tallest buildings in town. The bank has never failed to pay a dividend even through the "Great Depression" and has raised it each of the past 38 years. rd
"The bank has never failed to pay a dividend even through the "Great Depression" and has raised it each of the past 38 years."
Because it always has been, it will be so?
Hubris is a terrible thing.
KK, even in his conservative traditional ways will be hard pressed to keeps the dividend where it currently is. It may not be eliminated however the fundamentals of their business cannot continue to pay out such a nice dividend. I'm flabbergasted it is currently what it is.
no offense but I am not aware of any branch of a regional or larger financial institution that doesn't have goals to reach. That said, I too am long. Believe this bank will do extremely well over the long term.