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BB&T Declares New Set of Dividends

By Eric Volkman - Apr 23, 2013 at 8:20PM

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The banking group will hand out a set of common and preferred stock payouts.

BB&T (TFC 1.66%) is keeping its common stock dividend policy steady. The company has declared a quarterly distribution of $0.23 per share to be paid on June 3 to shareholders of record as of May 10. This amount matches that of the previous payout, which was distributed in February, but is 15% higher than the year-ago disbursement of $0.20 per share.

The current common stock dividend annualizes to $0.92 per share, which yields 3.1% at BB&T's most recent closing stock price of $29.97.

The company also declared a trio of preferred stock dividends. Holders of its series D preferreds will receive $121.875 per share, while those with series E will get $117.1875 and series F stockholders will be paid $108.333. Like the common stock dividend, all three payouts will be dispensed on June 3 to holders of record as of May 10.

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