Bank of America To Increase Quarterly Dividend By 8% To $0.28/Share; Says Has $197B Of Regulatory CET1 Capital And CET1 Ration Of 11.9%, Exceeding Regulatory Min. Requirement
Portfolio Pulse from Bill Haddad
Bank of America announced an 8% increase in its quarterly dividend to $0.28 per share. The bank also reported having $197 billion in regulatory CET1 capital and a CET1 ratio of 11.9%, which exceeds the regulatory minimum requirement.
June 28, 2024 | 8:33 pm
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Bank of America has increased its quarterly dividend by 8% to $0.28 per share, indicating strong financial health. The bank also reported $197 billion in regulatory CET1 capital and a CET1 ratio of 11.9%, exceeding the regulatory minimum requirement.
The increase in the dividend is a positive signal to investors about the bank's financial health and profitability. Additionally, the strong CET1 capital and ratio exceeding regulatory requirements further reinforce the bank's stability.
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