BB&T Corp: The Best House in a Bad Neighborhood 8 comments
-
Font Size:
-
Print
- TweetThis
Today BB&T (BBT) reported that it still expects to increase its 46 cent per share quarterly dividend. The bank has raised its dividend for 36 straight years, according to Reuters.
This stock has declined precipitously as the regional banks have been pummeled. BBT has lost 33% of its value since the beginning of May. While the company has exposure to Florida, one of the worst markets hit by the housing debacle, its capital position remains strong and its earnings record is excellent.
Unlike its peers, BBT has not taken dramatic write-downs on its portfolios. BBT has the problem of being the best house in a bad neighborhood. With a yield of 7% right now, I am sticking with BBT despite the recent slide which seems unwarranted.
At the time of this Blog entry Scott Rothbort, his family and or clients of LakeView Asset Management, LLC were long shares of BBT --- although positions can change at any time.
Related Articles
|


























This article has 8 comments: