Bank of America Keeps Its Dividend Steady

Bank of America (NYSE: BAC  ) this week announced the latest regular quarterly cash dividend on its common stock. Per the Board of Directors' decision, the company will pay $0.01 per share.

The payout annualizes to a 0.27% yield, and is the same amount Bank of America has paid quarterly since March 2009. The amount is payable Sept. 27 to shareholders of record as of Sept. 6.

The company has also declared a quarterly dividend of $1.75 per share on 7 percent Cumulative Redeemable Preferred Stock, Series B. That dividend will be payable on Oct. 25 for shareholders of record as of Oct. 11.

BAC Dividend Chart

BAC Dividend data by YCharts.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2559222, ~/Articles/ArticleHandler.aspx, 12/21/2014 1:50:42 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement