BB&T announces second-quarter dividends

Date : 04/30/2019 @ 7:24PM
Source : PR Newswire (US)
Stock : BB&T Corp. (BBT)
Quote : 48.08  -0.25 (-0.52%) @ 11:22PM

BB&T announces second-quarter dividends

BB & T (NYSE:BBT)
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WINSTON-SALEM, N.C., April 30, 2019 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the following regular quarterly dividends payable June 3, 2019, to shareholders of record at the close of business May 15, 2019:

  • A dividend of $0.405 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)
  • 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)

BB&T has approximately 766 million shares of common stock as of March 31, 2019; 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 $227.7 billion in assets and market capitalization of approximately $35.6 billion as of March 31, 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 1,800 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.

Cision View original content:http://www.prnewswire.com/news-releases/bbt-announces-second-quarter-dividends-300841019.html

SOURCE BB&T Corporation

Copyright 2019 PR Newswire

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