BB&T Corporation (BBT) will raise its quarterly dividend by 11.1 percent to $0.45 per share in 2019. Last year the financial holding company hiked its dividend two times for a total of 22.7 percent.
The next dividend is payable September 3, 2019, to shareholders of record at the close of business August 14, 2019. A new annual rate of $1.80 per share yields 3.5% at a stock price of $51.39.
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.