Bank of America (BAC) Declares $0.18 Quarterly Dividend; Approves $2.9 Billion Buyback
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Bank of America Announces Stock Dividends and Common Stock Repurchase Plan for Q1-21
January 19, 2021 6:15 AM ESTCHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.18 per share, payable on March 26, 2021 to shareholders of record as of March 5, 2021.
Also, the Board authorized the repurchase of $2.9 billion in common stock through March 31, 2021, plus repurchases to offset shares awarded under equity-based compensation plans during the same period, estimated to be approximately $0.3 billion. This authorization equals the maximum allowed for the period, according to guidelines established by the Federal Reserve Board following the results of the latest Comprehensive... More
