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NEW YORK ( TheStreet) -- The ex-dividend date for BB&T (NYSE: BBT) is tomorrow, October 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $21.72 as of 9:30 a.m. ET, the dividend yield is 3.1%. The average volume for BB&T has been 7.4 million shares per day over the past 30 days. BB&T has a market cap of $14.6 billion and is part of the financial sector and banking industry. Shares are down 16.2% year to date as of the close of trading on Monday. BB&T Corporation operates as a financial holding company for Branch Banking and Trust Company that provides banking and trust services to individuals and businesses. The company has a P/E ratio of 15.4, below the average banking industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.