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BB&T Corporation Message Board

  • blackbeered blackbeered May 1, 2013 10:43 AM Flag

    Latest Dividend

    Must admit, I missed the announcement some months ago that BBT was sliding their latest dividend to a June payable from a May payable [de facto, an 8.3% decrease in the dividend].

    So now I'm less happy with their dividend increase announcement at the same time, from 20 to 23 cents ... rather than a 15% hike, in reality we're getting less than a 7% increase.

    But I'm still in for the long-haul, expecting it to hit $35 by end-2015.

    Sentiment: Hold

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    • You misunderstood it. The 20 cents ex dividend on 1/2/2013 and paid 2/1/2013 was for the 3rd quarter 2012. The 23 cents ex dividend on 2/2/2013 and paid 3/1/2013 was for the 4th quarter 2012, 2 months earlier than all of the prior dividends. The dividend that will be paid on 6/3/2013 continues the new schedule which is 2 months EARLIER than previously in effect which would have had it payable August 1 and not June 1. However you calculated the 15% to be actually 7% I think all on this thread will be interested to see the result of your re-calculation to recalibrate for August to June where May to June was an error.

      Sentiment: Strong Buy

38.80-0.16(-0.41%)Oct 21 4:02 PMEDT