WINSTON-SALEM, N.C.,
July 30, 2019 /PRNewswire/
-- The Board of Directors of BB&T Corporation (NYSE: BBT)
today declared a quarterly common stock cash dividend increase of
$0.045 to $0.45 per share, payable Sept. 3, 2019, to shareholders of record at the
close of business Aug. 14, 2019.
In addition, the board declared the following quarterly
dividends payable Sept. 3, 2019, to
shareholders of record at the close of business Aug. 14, 2019:
- 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 $325.00 per share
(equivalent to $0.325 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 $325.00 per share
(equivalent to $0.325 per depositary
share or 1/1,000th interest per share) on BB&T's Series G
Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrG); and,
- 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 H Non-Cumulative Perpetual Preferred Stock (NYSE: BBT
PrH).
As of June 30, 2019, BB&T had
issued approximately 766 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; 20 million depositary shares related to its Series G
Non-Cumulative Perpetual Preferred Stock; and 19 million depositary
shares related to its Series H 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 is one of the largest
financial services holding companies in the U.S. with $230.9 billion in assets and market
capitalization of approximately $37.6
billion as of June 30, 2019.
Building on a long tradition of excellence in community banking,
BB&T offers a wide range of financial services including retail
and commercial banking, investments, insurance, wealth management,
asset management, mortgage, corporate banking, capital markets and
specialized lending. Based in Winston-Salem, N.C., BB&T operates more
than 1,700 financial centers in 15 states and Washington, D.C. and is consistently
recognized for outstanding client service by Greenwich Associates
for small business and middle market banking. More information
about BB&T and its full line of products and services is
available at BBT.com.
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SOURCE BB&T Corporation