WINSTON-SALEM, N.C., July 24, 2018 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared a quarterly common stock cash dividend increase of $0.03 to $0.405 per share payable Sept. 4, 2018, to shareholders of record at the close of business Aug. 10, 2018. The increase is in connection with BB&T's 2018 capital plan filed and approved this year.

This 8-percent increase is in addition to BB&T's previously announced 13.6-percent increase in the common quarterly dividend earlier this year.

The board also declared the following regular quarterly dividend payable Sept. 4, 2018, to shareholders of record at the close of business Aug. 10, 2018:

• A dividend of $365.625 per share (equivalent to $0.365625 per depositary share or 1/1,000^th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrD)
• A dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000^th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrE)
• A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000^th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrF)
• A dividend of $325.000 per share (equivalent to $0.325000 per depositary share or 1/1,000^th interest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrG)
• A dividend of $351.5625 per share (equivalent to $0.3515625 per depositary share or 1/1,000^th interest per share) on BB&T's Series H Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrH)

BB&T has approximately 774 million shares of common stock as of June 30, 2018; 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; 20 million depositary shares related to its Series G Non-Cumulative Perpetual Preferred Stock; and 19 million depositary shares related to its Series H Non-Cumulative Perpetual Preferred Stock.

BB&T has paid a cash dividend to shareholders of its common stock every year since 1903.

About BB&T

BB&T is one of the largest financial services holding companies in the U.S. with $222.7 billion in assets and market capitalization of approximately $39.1 billion as of June 30, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 1,900 financial centers in 15 states and Washington, D.C. A Fortune 500 company, BB&T is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.

SOURCE BB&T Corporation