BB&T Declares Q3 Dividends

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The vault is open at BB&T and dividends are flowing to investors. The financial services company has declared its latest set of distributions, most prominently a common stock payout of $0.23 per share. It will also hand out disbursements to holders of its Series D, E, F, and G preferred stock. For Series D, this will amount to $365.625 (the equivalent of $00.365625 per depositary share, which represents 1/1000th interest in the underlying security). For Series E, $351.5625 ($0.3515625), and for both Series F and G, $325.00 ($0.325).

All distributions will be paid on September 3 to holders of the relevant securities as of August 9.

The just-declared common stock dividend annualizes to $0.92 per share. That yields 2.6% at BB&T's most recent closing stock price of $35.73. 

The article BB&T Declares Q3 Dividends originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in BB&T, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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