Friday, November 18, 2011

Bank of America's dividend remains at 1 cent per share

As expected, Bank of America announced Friday that its dividend will remain at 1 cent per share in the fourth quarter, the same level it's been since late 2008.

The Charlotte bank asked regulators earlier this year to approve a dividend hike long demanded by its shareholders, but was denied.

The latest dividend will be paid out Dec. 23 to stockholders on record as of Dec. 2.


Anonymous said...

Thanks Moynihan, you scum, you scum.

Anonymous said...

Hmmmm, I understood BofA wanted to increase the dividend and Obama said no. Why do you castigate Moynihan for that?