The vault is open at BB&T (TFC 3.42%) and dividends are flowing to investors. The financial services company has declared its latest set of distributions, most prominently a common stock payout of $0.23 per share. It will also hand out disbursements to holders of its Series D, E, F, and G preferred stock. For Series D, this will amount to $365.625 (the equivalent of $00.365625 per depositary share, which represents 1/1000th interest in the underlying security). For Series E, $351.5625 ($0.3515625), and for both Series F and G, $325.00 ($0.325).
All distributions will be paid on September 3 to holders of the relevant securities as of August 9.
The just-declared common stock dividend annualizes to $0.92 per share. That yields 2.6% at BB&T's most recent closing stock price of $35.73.
