Wednesday, December 17, 2008

BB&T Corp. Increases Quarterly Dividend

BB&T Corp (BBT) announced a penny increase in the company's quarterly dividend. The new quarterly dividend increases to 47 cents per share versus 46 cents per share in the same quarter last year. It is encouraging to see the company come through with an increase, but the projected payout ratio is 74% based on 2009 estimated earnings per share of $2.52. The 2009 estimate is 12 cents lower than the 2008 EPS of $2.64. BBT carries a A- S&P Earnings & Dividend Quality Ranking.

(click to enlarge)

BB&T Corp. dividend analysis table December 16, 2008
BB&T Corp. stock chart December 16, 2008
Disclosure: I hold an interest in BB&T Corp.

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