Bank Of America Increases Quarterly Dividend From $0.24 To $0.26 Per Share; Declares New $25B Stock Repurchase Program Effective August 1, 2024, Replacing Current Program With $6.7B Remaining
Portfolio Pulse from Benzinga Newsdesk
Bank of America has announced an increase in its quarterly dividend from $0.24 to $0.26 per share and declared a new $25 billion stock repurchase program effective August 1, 2024, replacing the current program with $6.7 billion remaining.
July 24, 2024 | 8:43 pm
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Bank of America has increased its quarterly dividend from $0.24 to $0.26 per share and declared a new $25 billion stock repurchase program effective August 1, 2024.
The increase in the quarterly dividend and the announcement of a substantial stock repurchase program are positive signals for investors. These actions indicate strong financial health and a commitment to returning value to shareholders, likely leading to a short-term increase in BAC's stock price.
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