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Will bank of America Corporation (BAC) increase its dividend?

Bank of America Corporation ( NYSE:BAC) will increase its dividend from last year's comparable payment on the 29th of December to $0.24. This makes the dividend yield about the same as the industry average at 3.6%. Unless the payments are sustainable, the dividend yield doesn't mean too much.

Will BAC increase its dividend in Q3?

B ank of America ( NYSE: BAC) is planning to increase its quarterly common stock dividend to $0.26 per share from $0.24 starting in Q3, after passing the Federal Reserve's annual stress test, the bank said on Friday.

When is BAC's next dividend payment?

The next quarterly payment of $0.26 per share is scheduled for Friday, December 27, to investors who owned the stock before the ex-dividend date of Friday, December 6. BAC has grown its dividend for 11 consecutive years, with an average annual increase of 2.76%.

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