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Press release from PR Newswire

BB&T declares third-quarter dividends

Tuesday, July 22, 2014

BB&T declares third-quarter dividends

15:38 EDT Tuesday, July 22, 2014

WINSTON-SALEM, N.C., July 22, 2014 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the following regular quarterly dividends payable Sept. 2, 2014, to shareholders of record at the close of business Aug. 8, 2014:

  • A dividend of $0.24 per common share.
  • A dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrD)
  • A dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrE)
  • A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrF)
  • A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000th interest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrG)

BB&T has approximately 720 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, 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock and 20 million depositary shares related to its Series G Non-Cumulative Perpetual Preferred Stock. BB&T has paid a cash dividend to shareholders of its common stock every year since 1903.

About BB&TBB&T is one of the largest financial services holding companies in the U.S. with $188 billion in assets and market capitalization of $28.4 billion, as of June 30, 2014. Based in Winston-Salem, N.C., the company operates 1,844 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 BBT.com.

SOURCE BB&T Corporation

For further information: ANALYSTS, Alan Greer, Executive Vice President, Investor Relations, (336) 733-3021, AGreer@BBandT.com, MEDIA, Cynthia A. Williams, Senior Executive Vice President, Corporate Communications, (336) 733-1478, Cynthia.Williams@BBandT.com

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