BB&T declares 23-cent second-quarter dividend

Board also declares preferred stock dividends

PR Newswire

WINSTON-SALEM, N.C., April 23, 2013 /PRNewswire/ -- The board of directors of BB&T Corporation (BBT) today declared a quarterly dividend of $0.23 per common share payable June 3, 2013, to shareholders of record at the close of business May 10, 2013. The dividend is a 15-percent increase from the same quarter in 2012.

The board of directors has also declared the following:

  • A regular quarterly dividend of $121.875 per share (equivalent to $0.121875 per depositary share or 1/1,000th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock (NYSE:BBT PrD), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.
  • A regular quarterly dividend of $117.1875 per share (equivalent to $0.1171875 per depositary share or 1/1,000th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE:BBT PrE), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.
  • A regular quarterly dividend of $108.333 per share (equivalent to $0.108333 per depositary share or 1/1,000th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock (NYSE:BBT PrF), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.

The preferred stock dividends represent payments from May 1-31 and are in addition to those to be paid May 1 as previously announced in the Corporation's Feb. 26 news release. Additional details about the preferred stock dividend payments are included in BB&T's Special Meeting proxy statement filed March 12. The related proposal was approved by the Corporation's shareholders April 23. 

BB&T has approximately 701 million shares of common stock, 23 million depositary shares related to its Series D Non-Cumulative Perpetual Preferred Stock, 46 million depositary shares related to its Series E Non-Cumulative Perpetual Preferred Stock and 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock. BB&T has paid a cash dividend to shareholders of common stock every year since 1903.

About BB&T
BB&T (BBT) is one of the largest financial services holding companies in the U.S. with $181 billion in assets and market capitalization of $22.0 billion, as of March 31, 2013. Based in Winston-Salem, N.C., the company operates 1,842 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.

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