BB&T announces 10-percent increase in common dividend

WINSTON-SALEM, N.C., July 25, 2017 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared a quarterly common stock cash dividend increase of $.03 to $.33 per share payable Sept. 1, 2017, to shareholders of record at the close of business Aug. 11, 2017. The increase is in connection with BB&T's 2017 capital plan filed this year.

In addition, the board declared the following regular quarterly dividend payable Sept.1, 2017, to shareholders of record at the close of business Aug. 11, 2017:

• A dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000^th 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 1/1,000^th 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 1/1,000^th 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 1/1,000^th 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 1/1,000^th interest per share) on BB&T's Series H Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrH)

BB&T has approximately 808 million shares of common stock as of June 30, 2017; 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 $221.2 billion in assets and market capitalization of $36.9 billion as of June 30, 2017. 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 over 2,100 financial centers in 15 states and Washington, D.C. A Fortune 500 company, BB&T was recognized as one of Forbes' 2017 Best Banks in America 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