WINSTON-SALEM, N.C.,
April 26, 2016 /PRNewswire/
-- The board of directors of BB&T Corporation (NYSE: BBT)
today declared a quarterly common stock dividend increase of
$.01 to $.28 per share payable June 1, 2016, to shareholders of record at the
close of business May 13, 2016. The
increase is in connection with BB&T's 2015 capital plan filed
last year. The board may consider another increase effective in the
third quarter based on the 2016 capital plan.
In addition, the board declared the following regular quarterly
dividends payable June 1, 2016, to
shareholders of record at the close of business May 13, 2016:
- A dividend of $365.625 per share
(equivalent to $0.365625 per
depositary share or 1/1,000th interest per share) on
BB&T's Series D Non-Cumulative Perpetual Preferred Stock (NYSE:
BBT PrD)
- A dividend of $351.5625 per share
(equivalent to $0.3515625 per
depositary share or 1/1,000th interest per share) on
BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE:
BBT PrE)
- A dividend of $325.000 per share
(equivalent to $0.325000 per
depositary share or 1/1,000th interest per share) on
BB&T's Series F Non-Cumulative Perpetual Preferred Stock (NYSE:
BBT PrF)
- A dividend of $325.000 per share
(equivalent to $0.325000 per
depositary share or 1/1,000th interest per share) on
BB&T's Series G Non-Cumulative Perpetual Preferred Stock (NYSE:
BBT PrG)
- A dividend of $351.5625 per share
(equivalent to $0.3515625 per
depositary share or 1/1,000th interest per share) on
BB&T's Series H Non-Cumulative Perpetual Preferred Stock (NYSE:
BBT PrH)
BB&T had approximately 782 million shares of common stock at
March 31, 2016, and has 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, 18 million depositary
shares related to its Series F Non-Cumulative Perpetual Preferred
Stock, 20 million depositary shares related to its Series G
Non-Cumulative Perpetual Preferred Stock and 19 million depositary
shares related to its Series H. Non-Cumulative Perpetual Preferred
Stock.
BB&T has paid a cash dividend to shareholders of its common
stock every year since 1903.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with approximately
$212.4 billion in assets and market
capitalization of approximately $26.0
billion as of March 31, 2016.
Based in Winston-Salem, N.C., the
company operates 2,263 financial centers in 15 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 the U.S. Small
Business Administration, Greenwich Associates and others. BB&T
has also been named one of the World's Strongest Banks by Bloomberg
Markets Magazine, one of the top three in the U.S. and in the top
15 globally. More information about BB&T and its full line of
products and services is available at BBT.com.
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SOURCE BB&T Corporation