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

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  Published in Business and Finance on Tuesday, June 21st 2011 at 20:40 GMT by Market Wire
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BB&T Corporation declares 16-cent third-quarter dividend -- WINSTON-SALEM, N.C., June 21, 2011 /PRNewswire/ --

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WINSTON-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 Corporation

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