BB&T Corp. (BBT) Raises Quarterly Dividend 12.5% to $0.27; 2.9% Yield

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Go back to BB&T Corp. (BBT) Raises Quarterly Dividend 12.5% to $0.27; 2.9% Yield

BB&T announces 12.5-percent common stock dividend increase

April 28, 2015 2:40 PM EDT

WINSTON-SALEM, N.C., April 28, 2015 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared a quarterly common stock dividend increase of $0.03 to $0.27 per share payable June 1, 2015, to shareholders of record at the close of business May 15, 2015. The increase is consistent with BB&T's capital plan the Federal Reserve did not object to on March 11, 2015.

In addition, the board authorized a cumulative share buyback of up to $820 million beginning in the third quarter of 2015.

"We're very pleased to be able to announce this common stock... More