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Press release from PR Newswire

BB&T Corporation declares 16-cent third-quarter dividend

Tuesday, June 21, 2011

BB&T Corporation declares 16-cent third-quarter dividend17:29 EDT Tuesday, June 21, 2011WINSTON-SALEM, N.C., June 21, 2011 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the 2011 third-quarter dividend of $0.16 per common share. At this quarterly rate, the annual dividend is equivalent to $0.64 per common share. The dividend will be paid Aug. 1, 2011, to shareholders of record as of July 8, 2011. BB&T has paid a dividend superior to most of its peers over the past year. It has paid a cash dividend to shareholders every year since 1903. The company has approximately 696 million shares outstanding.About BB&T BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $157 billion in assets and market capitalization of $19.1 billion, as of March 31, 2011. 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.SOURCE BB&T CorporationFor further information: ANALYSTS, Tamera Gjesdal, Senior Vice President, Investor Relations, +1-336-733-3058, TGjesdal@BBandT.com; or MEDIA, Cynthia Williams, Executive Vice President, Corporate Communications, +1-336-733-1478, Cynthia.Williams@BBandT.com