WINSTON-SALEM, N.C., April 29, 2014 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the following regular quarterly dividends payable June 2, 2014, to shareholders of record at the close of business May 16, 2014:
- A dividend of $0.24 per common share, a 1-cent, or 4.3-percent, increase from the prior quarterly common dividend and a 1-cent increase from the same quarter a year ago.
- 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)
"We are pleased to provide a dividend increase to our common stock shareholders," said Chairman and Chief Executive Officer Kelly S. King. "The increase follows the recent review of our capital plan, which received no objection from bank regulators. We remain committed to providing strong long-term returns to our shareholders."
BB&T has approximately 718 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, 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock and 20 million depositary shares related to its Series G 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 $183 billion in assets and market capitalization of $26.4 billion, as of December 31, 2013. Based in Winston-Salem, N.C., the company operates 1,825 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 BBT.com.
SOURCE BB&T Corporation
