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BB&T declares first-quarter preferred stock dividends

WINSTON-SALEM, N.C., Feb. 26, 2013 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the following quarterly preferred stock dividends:

  • A regular quarterly 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), payable May 1, 2013, to shareholders of record as of the close of business April 30, 2013.
  • A regular quarterly 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), payable May 1, 2013, to shareholders of record as of the close of business April 16, 2013.
  • A regular quarterly 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), payable May 1, 2013, to shareholders of record as of the close of business April 16, 2013.

As previously announced, the board of directors 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.

BB&T has approximately 700 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 and 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock. BB&T has paid a cash dividend to shareholders of its common stock every year since 1903.

About BB&T
BB&T Corporation (NYSE: BBT) 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, as of Dec. 31, 2012. 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

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