CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 18, 2014--
Bank of America Corporation today announced the Board of Directors
declared a regular quarterly cash dividend on Bank of America common
stock of $0.01 per share, payable June 30 to shareholders of record as
of June 24.
The board also declared a regular quarterly cash dividend of $1.75 per
share on the 7 percent Cumulative Redeemable Preferred Stock, Series B.
The dividend is payable July 25 to shareholders of record as of July 11.
The board also declared a regular quarterly cash dividend of $18.125 per
share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred
Stock, Series L. The dividend is payable on July 30 to shareholders of
record as of July 1.
As previously announced, on May 27, 2014 the company resubmitted its
requested capital actions and certain 2014 Comprehensive Capital
Analysis and Review (“CCAR”) schedules to the Board of Governors of the
Federal Reserve System (the “Federal Reserve”). Pursuant to CCAR capital
plan rules, the Federal Reserve has up to 75 days to review the
company’s resubmitted 2014 CCAR items, including the requested capital
Bank of America
Bank of America is one of the world's largest
financial institutions, serving individual consumers, small businesses,
middle-market businesses and large corporations with a full range of
banking, investing, asset management and other financial and risk
management products and services. The company provides unmatched
convenience in the United States, serving approximately 49 million
consumer and small business relationships with approximately 5,100
retail banking offices and approximately 16,200 ATMs and award-winning
online banking with 30 million active users and more than 15 million
mobile users. Bank of America is among the world's leading wealth
management companies and is a global leader in corporate and investment
banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the
world. Bank of America offers industry-leading support to approximately
3 million small business owners through a suite of innovative,
easy-to-use online products and services. The company serves clients
through operations in more than 40 countries. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank
of America news.
Source: Bank of America
Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
Blum, Bank of America (Fixed Income), 1.212.449.3112
Jerry Dubrowski, Bank of America, 1.980.388.2840