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4-Traders Homepage  >  Equities  >  Nyse  >  Bank of America Corp    BAC

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Bank of America Corp : Bank of America Declares Quarterly Dividend on Series L Preferred Stock

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03/15/2013 | 02:35pm CET

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on April 30, 2013 to shareholders of record as of April 1, 2013.

Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 53 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 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 3 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.

Visit the Bank of America newsroom for more Bank of America news.

www.bankofamerica.com

Equity Investors May Contact:
Kevin Stitt, Bank of America, 1.980.386.5667
Lee McEntire, Bank of America, 1.980.388.6780
Fixed Income Investors May Contact:
Jonathan Blum, Bank of America, 1.212.449.3112
Reporters May Contact:
Scott Silvestri, Bank of America, 1.980.388.9921
scott.silvestri@bankofamerica.com


© Business Wire 2013
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Financials ($)
Sales 2016 85 058 M
EBIT 2016 27 070 M
Net income 2016 15 716 M
Debt 2016 -
Yield 2016 1,12%
P/E ratio 2016 15,42
P/E ratio 2017 13,84
Capi. / Sales 2016 2,63x
Capi. / Sales 2017 2,57x
Capitalization 223 928 M
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 20,7 $
Spread / Average Target -6,6%
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NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Eugene M. McQuade President & Director
Catherine P. Bessant Co-COO & Chief Technology Officer
Thomas Kell Montag Co-Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
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