Bank of America Sets Preferred Dividend

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Banking giant Bank of America announced yesterday its second-quarter dividend on its Series L 7.25% non-cumulative perpetual convertible preferred stock of $18.125 per share. The preferred shares trade on the NYSE under the symbol BAC-PL.

The board of directors said the quarterly dividend is payable on July 30 to the holders of record at the close of business on July 1.

The bank also pays a regular dividend payment of $0.01 per share per quarter equating to a $0.04-per-share annual dividend, yielding 0.3% based on the closing price of Bank of America's stock on June 17.

BAC Dividend Chart

BAC Dividend data by YCharts.


The article Bank of America Sets Preferred Dividend originally appeared on

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