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Bank of America Reaffirms Dividend

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Bank of America's (NYSE: BAC  ) modest dividend won't rise with the next payout. The bank has declared a fresh quarterly dividend of $0.01 per share of its common stock, payable on June 28 to shareholders of record as of June 7. That amount matches each of the company's previous distributions stretching back to June 2009. 

B of A also declared a dividend on its 7% cumulative redeemable series B preferred stock. That payout will be $1.75 per share, to be dispensed on July 25 to holders of record as of July 11.

The common stock dividend annualizes to $0.04 per share, which yields 0.3% at B of A's current stock price of $12.31.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

7/31/2015 4:02 PM
BAC $17.88 Down -0.25 -1.38%
Bank of America CAPS Rating: ****

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