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- Company news: Bank of America (BAC) confirmed the intention to increase the quarterly dividends by 50%
Company news: Bank of America (BAC) confirmed the intention to increase the quarterly dividends by 50%
The Bank of America reported that the company's board of directors plans to increase the quarterly dividend on common shares by 50% to $ 0.075/share, since the third quarter of 2016.
In addition, the Board approved to carry out buy back in the amount of $ 5 billion, in the period from July 1, 2016 at June 30, 2017, 50% more than was agreed last year.
BAC's shares rose in premarket trading to $ 13.33 (+ 1.06%).
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