Bank Of America Increases Common Stock Dividend From $0.22 To $0.24 Per Share
Portfolio Pulse from Benzinga Newsdesk
Bank of America has announced an increase in its common stock dividend from $0.22 to $0.24 per share. The dividend will be payable on September 29, 2023, to shareholders of record as of September 1, 2023.
July 19, 2023 | 8:42 pm
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Bank of America's dividend increase may attract income-focused investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's financial health and can attract income-focused investors. This could lead to increased demand for the stock, potentially driving up the price in the short term.
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