WINSTON-SALEM, N.C., Dec. 14, 2010 /PRNewswire-FirstCall/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the 2011 first-quarter dividend of $0.15 per common share. At this quarterly rate, the annual dividend is equivalent to $0.60 per common share.
The dividend will be paid Feb 1, 2011, to shareholders of record as of Jan. 7, 2011. The company has approximately 694 million shares outstanding. BB&T has paid a cash dividend to shareholders every year since 1903.
BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with more than $157.2 billion in assets and market capitalization of $16.7 billion, as of Sept. 30, 2010. 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. More information about BB&T Corporation is available at www.BBT.com/About.
SOURCE BB&T Corporation