WINSTON-SALEM, N.C., June 24 /PRNewswire-FirstCall/ -- The board of
directors of BB&T Corporation (NYSE: BBT) today declared an increase in the
2008 third quarter dividend to $0.47 per share, a 2.2 percent increase over
the $0.46 paid in the third quarter of 2007.
The dividend will be paid Aug. 1 to shareholders of record as of July
11.
"We are pleased to announce an increase in the cash dividend," said
Chairman and Chief Executive Officer John Allison. "This increase marks the
37th consecutive year that BB&T has increased the cash dividend paid to
shareholders and reflects our healthy capital levels."
The 10-year compound growth rate for BB&T's quarterly dividend payment
is 10.4 percent. BB&T has paid a cash dividend to shareholders every year
since 1903.
With $136.4 billion in assets, Winston-Salem, N.C.-based BB&T
Corporation (NYSE: BBT) is the nation's 14th largest financial holding
company. It operates nearly 1,500 financial centers in 11 states and
Washington, D.C. More information about the company is available at
http://www.BBT.com
SOURCE BB&T Corporation
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Related links:
http://www.BBT.com
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CONTACT:
Analysts, Tamera Gjesdal, Senior Vice
President, Investor Relations, +1-336-733-3058, or Chris Henson,
Senior Executive Vice President, Chief Financial Officer,
+1-336-733-3008, or Media, Bob Denham, Senior Vice President,
Corporate Communications, +1-336-733-1475
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