BB&T declares 23-cent first-quarter dividend and aligns payment dates for
Dividend reflects 15% increase compared to fourth quarter
WINSTON-SALEM, N.C., Jan. 22, 2013
WINSTON-SALEM, N.C., Jan. 22, 2013 /PRNewswire/ --The board of directors of
BB&T Corporation (NYSE: BBT) today declared a quarterly dividend of $0.23 per
common share payable March 1, 2013, to shareholders of record at the close of
business on Feb. 8, 2013.
This dividend follows the fourth-quarter 2012 dividend of $0.20 per common
share payable Feb. 1, 2013, to shareholders of record at the close of business
on Jan. 4, 2013, which was declared by the board of directors on Dec. 18,
The dividend is being paid consistent with the capital actions proposed in
BB&T's 2012 capital plan. The Federal Reserve informed BB&T last year that it
would not object to any of BB&T's proposed capital actions for 2012, which
included this dividend.
BB&T's board of directors also acted today to align scheduled common dividend
payment dates to occur in the same quarter the dividends are declared. Going
forward, BB&T expects common dividend declarations, if declared, in January,
April, July and October with payment dates on or about the first of March,
June, September and December.
BB&T has approximately 700 million shares of common stock outstanding at Dec.
31, 2012. BB&T has paid a cash dividend to shareholders of common stock every
year since 1903.
As of Dec. 31, 2012, BB&T is one of the largest financial services holding
companies in the U.S. with $183.9 billion in assets and market capitalization
of $20.4 billion. Based in Winston-Salem, N.C., the company operates 1,832
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.
SOURCE BB&T Corporation
Contact: ANALYSTS, Alan Greer, Executive Vice President, Investor Relations,
+1-336-733-3021, AGreer@BBandT.com; or MEDIA, Cynthia Williams, Senior
Executive Vice President, Corporate Communications, +1-336-733-1478,
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