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.
Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.