BB&T declares 20-cent third-quarter dividend, up 25 percent. Board also declares preferred stock dividend.
WINSTON-SALEM, N.C. - The board of directors of BB&T Corporation (NYSE: BBT) today declared the 2012 third-quarter dividend of $0.20 per common share. The board also declared a quarterly dividend for its Series D Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrD), which will be paid to holders of depositary shares.
The common stock dividend will be paid Aug. 1, 2012, to shareholders of record as of July 6, 2012. The preferred dividend will be paid Aug. 1, 2012, to the depositary shareholders of record as of July 31, 2012. Each depositary share represents a one-one thousandth interest in one share of Series D Non-Cumulative Perpetual Preferred Stock. The company has approximately 697 million shares of common stock and 23 million preferred depositary shares outstanding. BB&T has paid a cash dividend to shareholders of common stock every year since 1903.
BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $174.8 billion in assets and market capitalization of $21.9 billion, as of March 31, 2012. Based in Winston-Salem, N.C., the company operates approximately 1,800 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. More information about BB&T Corporation is available at www.BBT.com/About.
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Executive Vice President