BB&T announces 12.5-percent common stock dividend increase

OREANDA-NEWS. April 29, 2015. The board of directors of BB&T Corporation (NYSE: BBT) today declared a quarterly common stock dividend increase of \\$0.03 to \\$0.27 per share payable June 1, 2015, to shareholders of record at the close of business May 15, 2015. The increase is consistent with BB&T's capital plan the Federal Reserve did not object to on March 11, 2015.

In addition, the board authorized a cumulative share buyback of up to \\$820 million beginning in the third quarter of 2015.

"We're very pleased to be able to announce this common stock dividend increase and reward our shareholders for their support and commitment," said Chairman and CEO Kelly S. King. "The dividend increase and stock buyback is continued evidence of BB&T's strength and demonstrates our commitment to our shareholders."

The board also declared the following regular quarterly preferred dividends payable June 1, 2015, to shareholders of record at the close of business May 15, 2015:

• A dividend of \\$365.625 per share (equivalent to \\$0.365625 per depositary share or 1/1,000^th interest per share) on BB&T's Series D Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrD)
• A dividend of \\$351.5625 per share (equivalent to \\$0.3515625 per depositary share or 1/1,000^th interest per share) on BB&T's Series E Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrE)
• A dividend of \\$325.000 per share (equivalent to \\$0.325000 per depositary share or 1/1,000^th interest per share) on BB&T's Series F Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrF)
• A dividend of \\$325.000 per share (equivalent to \\$0.325000 per depositary share or 1/1,000^th interest per share) on BB&T's Series G Non-Cumulative Perpetual Preferred Stock (NYSE: BBT PrG)

BB&T has approximately 723 million shares of common stock, 23 million depositary shares related to its Series D Non-Cumulative Perpetual Preferred Stock, 46 million depositary shares related to its Series E Non-Cumulative Perpetual Preferred Stock, 18 million depositary shares related to its Series F Non-Cumulative Perpetual Preferred Stock and 20 million depositary shares related to its Series G Non-Cumulative Perpetual Preferred Stock.

BB&T has paid a cash dividend to shareholders of its common stock every year since 1903.

About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with \\$189.2 billion in assets and market capitalization of \\$28.2 billion, as of March 31, 2015. Based in Winston-Salem, N.C., the company operates 1,875 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 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 BBT.com.

SOURCE BB&T Corporation