Bank of America raises dividend by 14% to $0.32/share
Seeking Alpha ·
Bank of America ( BAC ) declares $0.32/share quarterly dividend , 14.3% increase from prior dividend of $0.28. Payable Sept. 25; for shareholders of record Sept. 4; ex-div Sept. 4. The company also continues to repurchase common stock under
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Bank of America (BAC) announced an increase in its quarterly dividend from $0.28 to $0.32 per share, representing a 14.3% hike. This dividend increase is scheduled to be paid on September 25 to shareholders of record as of September 4. Additionally, the company plans to continue its share buyback program. This strengthening of shareholder return policies demonstrates the bank's robust financial health.
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- Banks — Bank of America raised its dividend by 14.3%, proving its strong capital strength and commitment to shareholder returns, which has improved investor sentiment in bank stocks.
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