BB&T Corporation declares 15-cent second-quarter dividend

WINSTON-SALEM, N.C., Feb. 22, 2011 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: BBT) today declared the 2011 second-quarter dividend of $0.15 per common share. At this quarterly rate, the annual dividend is equivalent to $0.60 per common share.

The dividend will be paid May 2, 2011, to shareholders of record as of April 8, 2011. BB&T has paid a dividend superior to most of its peers over the past year. It has paid a cash dividend to shareholders every year since 1903. The company has approximately 694 million shares outstanding.

About BB&T

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with approximately $157.1 billion in assets and market capitalization of $18.3 billion, as of Dec. 31, 2010. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com. More information about BB&T Corporation is available at www.BBT.com/About.

SOURCE BB&T Corporation

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