By Stephen Nakrosis 
 

Bank of America Corp. on Wednesday said its board approved a 17% increase to the company's quarterly cash dividend.

The company said the new dividend of 21 cents per share will be payable Sept. 24 to shareholders of record on Sept. 3.

Bank of America also said its board declared a regular quarterly cash dividend of $1.75 per share on its 7% Cumulative Redeemable Preferred Stock, Series B. That dividend is payable on Oct. 25 to shareholders of record as of Oct. 15.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 21, 2021 18:11 ET (22:11 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Bank of America (NYSE:BAC)
Historical Stock Chart
From Jun 2021 to Jul 2021 Click Here for more Bank of America Charts.
Bank of America (NYSE:BAC)
Historical Stock Chart
From Jul 2020 to Jul 2021 Click Here for more Bank of America Charts.