Bank of America Declares Quarterly Dividends

Published on Wednesday, 28 July 2010 13:31 Written by TradersHuddle Staff

CHARLOTTE, N.C.-( Business Wire )-

Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable on September 24, 2010 to shareholders of record as of September 3, 2010.

The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on October 25, 2010 to shareholders of record as of October 11, 2010.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

www.bankofamerica.com

Investors May Contact:Kevin Stitt, Bank of America, 1.704.386.5667Lee McEntire, Bank of America, 1.704.388.6780Reporters May Contact:Scott Silvestri, Bank of America, This e-mail address is being protected from spambots. You need JavaScript enabled to view it.