BB&T Co. (NYSE:BBT) announced a quarterly dividend on Tuesday, January 29th, RTT News reports. Shareholders of record on Wednesday, February 13th will be paid a dividend of 0.405 per share by the insurance provider on Friday, March 1st. This represents a $1.62 annualized dividend and a yield of 3.22%. The ex-dividend date is Tuesday, February 12th.
BB&T has increased its dividend payment by an average of 13.0% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. BB&T has a payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BB&T to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.62 annual dividend with an expected future payout ratio of 34.5%.
Shares of BBT stock opened at $50.24 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market cap of $38.72 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.09 and a beta of 1.12. BB&T has a 52 week low of $40.68 and a 52 week high of $56.31.
Several analysts have commented on BBT shares. Bank of America upgraded shares of BB&T from a “neutral” rating to a “buy” rating and set a $50.46 target price on the stock in a report on Friday. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. Zacks Investment Research downgraded shares of BB&T from a “buy” rating to a “hold” rating in a report on Monday, December 10th. BMO Capital Markets dropped their target price on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Finally, FIG Partners upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. BB&T currently has a consensus rating of “Buy” and a consensus target price of $54.04.
In other BB&T news, Director Patrick C. Graney III acquired 4,200 shares of the stock in a transaction dated Thursday, December 6th. The shares were bought at an average cost of $47.56 per share, for a total transaction of $199,752.00. Following the completion of the acquisition, the director now directly owns 4,200 shares of the company’s stock, valued at $199,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.51% of the stock is owned by company insiders.
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BB&T Company Profile
BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
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