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BB&T declares second-quarter dividend for Series G Non-Cumulative Perpetual Preferred Stock

May 23, 2013

WINSTON-SALEM, N.C., May 23, 2013 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared a regular quarterly dividend of $108.333 per share (equivalent to $0.108333 per depositary share or 1/1,000th interest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrG), payable June 3, 2013, to shareholders of record as of the close of business May 31, 2013.

In April, the board of directors also declared the following stock dividends:

  • A regular quarterly dividend of $121.875 per share (equivalent to $0.121875 per depositary share or 1/1,000th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrD), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.
  • A regular quarterly dividend of $117.1875 per share (equivalent to $0.1171875 per depositary share or 1/1,000th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrE), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.
  • A regular quarterly dividend of $108.333 per share (equivalent to $0.108333 per depositary share or 1/1,000th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrF), payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.
  • A regular quarterly common dividend of $0.23 per share on BB&T's common stock, payable June 3, 2013, to shareholders of record as of the close of business May 10, 2013.

The preferred stock dividends represent payments from May 1-31 and are in addition to those paid May 1 as previously announced in the Corporation's Feb. 26 news release.

BB&T has approximately 701 million shares of common stock, 23 million depositary shares related to its Series D Non-Cumulative Perpetual Preferred Stock, 46 million depositary shares related to its Series E Non-Cumulative Perpetual Preferred Stock, 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock and 20 million depositary shares related to its Series G Non-Cumulative Perpetual Preferred Stock. BB&T has paid a cash dividend to shareholders of common stock every year since 1903.

About BB&T

BB&T (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $181 billion in assets and market capitalization of $22.0 billion, as of March 31, 2013. Based in Winston-Salem, N.C., the company operates 1,842 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.

SOURCE BB&T Corporation

For further information: ANALYSTS, Alan Greer, Executive Vice President, Investor Relations, (336) 733-3021, AGreer@BBandT.com; or MEDIA, Cynthia Williams, Senior Executive Vice President, Corporate Communications, (336) 733-1478, Cynthia.Williams@BBandT.com


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