8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
Form 8-K
_______________
Current Report

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

March 18, 2011
Date of Report (Date of earliest event reported)

 

BB&T Corporation
(Exact name of registrant as specified in its charter)
_____________

Commission file number : 1-10853

North Carolina	56-0939887
(State of incorporation)	(I.R.S. Employer Identification No.)
200 West Second Street
Winston-Salem, North Carolina	27101
(Address of principal executive offices)	(Zip Code)

(336) 733-2000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 Other Events.

On March 18, 2011, BB&T Corporation announced a 1-cent increase in the previously declared 2011 second-quarter dividend, as well as a special 1-cent dividend. The total regular second-quarter dividend is $0.16 per common share and the special dividend is $0.01 per common share. Each of the dividends will be paid on May 2, 2011, to shareholders of record as of April 8, 2011.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description of Exhibit
99.1	Copy of press release announcing BB&T Corporation has declared a 1-cent increase in the 2011 second-quarter dividend, as well as a special 1-cent dividend.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BB&T CORPORATION
(Registrant)
By:	/s/Cynthia B. Powell
Name:	Cynthia B. Powell
Title:	Executive Vice President and Corporate
	Controller (Principal Accounting Officer)

Date: March 18, 2011

EX-99.1

Exhibit 99.1

March 18, 2011

FOR IMMEDIATE RELEASE

Contacts:
ANALYSTS	MEDIA
Tamera Gjesdal	Cynthia Williams
Senior Vice President	Executive Vice President
Investor Relations	Corporate Communications
(336) 733-3058	(336) 733-1478
TGjesdal@BBandT.com	Cynthia.Williams@BBandT.com

BB&T among the first large banks to increase dividend
Maintains one of the strongest payouts to shareholders in the industry
Declares 6.7% increase and special 1-cent dividend for first quarter

WINSTON-SALEM, N.C. – The board of directors of BB&T Corporation (NYSE: BBT) today declared a 1-cent increase in the 2011 second-quarter dividend, as well as a special 1-cent dividend. After a review of BB&T’s capital plan and projections under very rigorous scenarios, the Federal Reserve today did not object to BB&T’s request to raise the dividend.

The total second-quarter dividend is $0.16 plus the $0.01 special dividend per common share. At this quarterly rate, the annual dividend is equivalent to $0.64 per common share. The $0.16 regular dividend represents a 6.7% increase over last year’s dividend.

“BB&T is pleased to provide this increase in our dividend and to be in the first group allowed to increase the dividend,” said Chairman and CEO Kelly King. “We continue to be one of the strongest capitalized institutions in the industry and we believe this action confirms that strength.

“We are proud to have maintained the fourth highest dividend yield among S&P 500 banks. We view this as a good first step to further increases in the future,” said King.

The dividends will be paid May 2, 2011, to shareholders of record as of April 8, 2011. BB&T has one of the strongest dividend payouts in the country for banks and has paid a cash dividend to shareholders every year since 1903. The company has approximately 694 million shares outstanding.

About BB&T
BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with approximately $157.1 billion in assets and market capitalization of $18.3 billion, as of Dec. 31, 2010. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com. More information about BB&T Corporation is available at www.BBT.com/About.

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