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.

2 comments:

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?