WINSTON-SALEM, N.C., June 27 /PRNewswire-FirstCall/ -- The board of directors of BB&T Corporation today declared the 2006 third quarter dividend of $0.42 per share, a 10.5 percent increase over the $0.38 paid in the third quarter of 2005.
The dividend will be paid Aug. 1 to shareholders of record as of July 14.
The five-year compound growth rate for BB&T's quarterly dividend payment is 10.1 percent. BB&T has paid a cash dividend to shareholders every year since 1903. The corporation has increased its quarterly cash dividend payments for 35 consecutive years.
Winston-Salem-based BB&T Corporation and its subsidiaries offer full- service commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, consumer finance, treasury services, international banking, leasing and trust.
BB&T operates more than 1,400 financial centers in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C.
With $110 billion in assets, BB&T Corporation is the nation's ninth largest financial holding company. More information about BB&T Corporation is available at http://www.bbt.com/ .
