Tuesday, January 22, 2013

BB&T increases dividend 15 percent

BB&T has increased its dividend by 15 percent as part of its capital plan from last year, the Winston-Salem bank announced Tuesday.

The bank's board declared a 23-cents-per-share dividend payable March 1, up from the 20 cents it had been for the past year.

BB&T said Tuesday the Fed didn't have any objections to its capital plan last year, which included this dividend. The country's largest banks were required to submit 2013 capital plans to the Federal Reserve for approval by Jan. 7.