WINSTON-SALEM, N.C., June 22 /PRNewswire-FirstCall/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the 2010 third-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 Aug. 2, 2010, to shareholders of record as of July 9, 2010. The company has approximately 692 million shares outstanding. BB&T has paid a cash dividend to shareholders every year since 1903.
BB&T is the 10th largest financial services holding company in the U.S. with $163.7 billion in assets and market capitalization of $22.4 billion, as of March 31. Based in Winston-Salem, N.C., the company operates more than 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