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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 CEST

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
[email protected]


© Business Wire 2013
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Financials ($)
Sales 2017 89 009 M
EBIT 2017 33 780 M
Net income 2017 19 455 M
Debt 2017 -
Yield 2017 1,66%
P/E ratio 2017 12,50
P/E ratio 2018 10,55
Capi. / Sales 2017 2,55x
Capi. / Sales 2018 2,44x
Capitalization 227 102 M
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 25,8 $
Spread / Average Target 13%
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Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Catherine P. Bessant Co-COO & Chief Technology Officer
Tom Montag Co-Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
Thomas J. May Independent Director
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