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BB&T Declares 23-cent Second-quarter Dividend

WINSTON-SALEM, N.C., April 23, 2013 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: 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 1/1,000 th 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 1/1,000 th 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 1/1,000 th 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.

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