Remember on the last earnings call, BBT said their dividend looks good unless unemployment gets up into the 9 or 10% range. Well, released yesterday were these state by state unemployment numbers for JANUARY for BBT's states. Of course, we've had about six weeks of punishing job losses since the end of January so all these numbers are higher now.
If you need the dividend to supplement your income, I would recommend selling all your shares. You can always buy your BBT back later after the dividend cut. Believe me, I am not a short, just a retired stupid sorry ass that held on too long to FITB stock thinking I could live on dividend and share price. BBT dividend will be cut(by BOD or GOV) and the stock will probably decrease in price. Worst of both worlds. I wish I would have taken my own advice! Best of luck to all.