Higher Dividends, More Acquisitions Ahead: BB&T CEO

An upsurge in dividends and bank acquisitions are on the agenda for the financial holding company BB&T Corporation, its CEO and chairman, Kelly King, told CNBC Friday.

“During this whole crisis, we have maintained a very strong dividend, which is about 2 ½ percent,” said King.

“Even so, we hope to be one of the first to raise our dividend. We only need to raise ours at only a small amount since it’s now at the level that most people are trying to get to.”

Kelly said the company is interested in acquiring banks with “good consolidation features related to acquisition.” The Winston-Salem, N.C.-based company is looking at banks in the mid-Atlantic, Southeast and Texas.