The Reuters "article" is not very clear. Read the PRNewswire release. The .32 is an increase over the .29 paid in the '03 first quarter, as plainly stated in BBT's press release. The Reuters "article" states this is the 32nd consecutive "time" BBT has increased its quarterly div, which is ridiculous. The actual press release says it's the 32nd "year" of increased divs. Hard to believe that Reuters is that bad.