Summary
BB&T Corporation (now Truist Financial Corp) announced on March 18, 2011, its decision to increase its quarterly dividend and declare a special dividend. This filing specifically details a 1-cent increase to the regular second-quarter dividend for 2011, bringing the total regular dividend to $0.16 per common share. Additionally, the company declared a special one-time dividend of $0.01 per common share. Both the increased regular dividend and the special dividend are set to be paid on May 2, 2011, to shareholders who were on record as of April 8, 2011. This announcement signals a positive sentiment from the company regarding its financial health and commitment to returning capital to shareholders, even during potentially uncertain economic times.
Key Highlights
- 1BB&T Corporation announced an increase to its 2011 second-quarter dividend.
- 2The regular quarterly dividend was increased by $0.01 per common share.
- 3The total regular second-quarter dividend will be $0.16 per common share.
- 4A special dividend of $0.01 per common share was also declared.
- 5Both dividends will be paid on May 2, 2011.
- 6Shareholders of record as of April 8, 2011, are eligible to receive these dividends.
- 7The announcement was made on March 18, 2011.