Bank of America 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.
The article Bank of America Keeps Its Dividend Steady originally appeared on Fool.com.
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