BB&T Corp. (BBT) Raises Quarterly Dividend 7.1% to $0.30; Approves $640M Stock Buyback

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Go back to BB&T Corp. (BBT) Raises Quarterly Dividend 7.1% to $0.30; Approves $640M Stock Buyback

BB&T announces 7-percent common stock dividend increase

July 26, 2016 2:00 PM EDT

WINSTON-SALEM, N.C., July 26, 2016 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared a quarterly common stock dividend increase of $0.02 to $0.30 per share payable Sept. 1, 2016, to shareholders of record at the close of business Aug. 12, 2016. The increase is consistent with BB&T's capital plan the Federal Reserve did not object to on June 29, 2016.

In addition, the board authorized a cumulative share buyback of up to $640 million during the four quarters beginning in the third quarter of 2016.

"We're very... More