Tuesday, February 21, 2012

BB&T declares 16 cent dividend

BB&T declared Tuesday a 16 cents per common share dividend for the second quarter. The Winston-Salem bank will pay the dividend on May 1 to shareholders of record on April 9.

The dividend gives the bank's stock, which is trading near $30 per share, a yield of about 2 percent. That puts it relatively high relative to its peers.

Of major banks with a Charlotte presence, First Citizens is paying a higher dividend, at 30 cents. But since its stock is trading near $175 per share, that gives it a much smaller yield.

Other banks with in the area that are paying dividends:
  • SCBT: 17 cents
  • Wells Fargo: 12 cents
  • Fifth Third: 8 cents
  • SunTrust: 5 cents
  • Bank of America: 1 cent
  • Citizens South: 1 cent


Anonymous said...

Nice to see BofA is still being generous to its shareholders.

Anonymous said...

You are brilliant.

Something call the LAW. They can't offer more than 1 c a share.