BB&T Corporation (BBT) will raise its quarterly dividend by 8 percent to $0.405 per share in the third quarter of 2018. Earlier this year the company already hiked its dividend and paid a special dividend of $0.045 per share.

The next dividend is payable September 4, 2018, to shareholders of record at the close of business August 10, 2018. The increase is in connection with BB&T's 2018 capital plan filed and approved this year and is in addition to BB&T's previously announced 13.6-percent increase in the common quarterly dividend earlier in 2018 bringing the total dividend growth to 22.7 percent this year.

BB&T has paid a cash dividend to shareholders of its common stock every year since 1903 and has now raised its annual dividend for 8 consecutive years.

BB&T Corporation is a financial services holding company. The company offers a range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. BB&T Corp is based in Winston-Salem, N.C. and has paid a cash dividend to shareholders of its common stock every year since 1903.