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Bank of America Corp declares $0.01 dividend

  • Bank of America Corporation (BAC) declares $0.01/share quarterly dividend, in line with previous.
  • Forward yield 0.24%
  • Payable March 28; for shareholders of record March 7; ex-div March 5.
Comments (31)
  • User 18979121
    , contributor
    Comments (3) | Send Message
     
    So sad!
    11 Feb, 12:12 PM Reply Like
  • Patience29
    , contributor
    Comments (177) | Send Message
     
    This hurts our wallets way more than it hurts yours, BAC. Give a little, why don'tcha! Yeesh
    11 Feb, 12:43 PM Reply Like
  • RALPHSCHAUSS
    , contributor
    Comments (58) | Send Message
     
    not even peanuts !
    11 Feb, 01:01 PM Reply Like
  • gwynfryn
    , contributor
    Comments (4233) | Send Message
     
    Nor will it be for the foreseeable future; forget dividends, this is a trading stock!
    12 Feb, 10:00 AM Reply Like
  • benitus
    , contributor
    Comments (1927) | Send Message
     
    hey, gwynfryn, my friend, you're back again. It's good to hear from you. I enjoy bantering with you, as we share similar values and outlook. Live long and prosper. God bless.
    12 Feb, 10:21 AM Reply Like
  • RALPHSCHAUSS
    , contributor
    Comments (58) | Send Message
     
    35 years in international banking
    11 Feb, 01:01 PM Reply Like
  • benitus
    , contributor
    Comments (1927) | Send Message
     
    That's why I've given up on BAC and Moynihan. After all the support of old faithfuls over the years, Moynihan didn't even bother to make a kind gesture to the shareholders. This is even more hurtful, coming his failure to execute the buyback program of last year, when shares were much cheaper. I think I'm getting out of BAC for the last time, unless something good develops this month.
    11 Feb, 01:40 PM Reply Like
  • gwynfryn
    , contributor
    Comments (4233) | Send Message
     
    Nothing wrong with taking profit, ben!
    12 Feb, 10:02 AM Reply Like
  • benitus
    , contributor
    Comments (1927) | Send Message
     
    Yes, gywn, but I'm getting impatient with BAC again, as I used to when I got out on previous occasions. Maybe, I'll just get out now and come back later when it starts to move again. I'll probably transfer my shares internally to my investment account and let it sit there until it hatches some eggs for me. Have fun with yours.
    12 Feb, 10:24 AM Reply Like
  • optimistic 1234
    , contributor
    Comments (3) | Send Message
     
    important to get house in order first...wish lawyers would go away!! CEO smart man
    11 Feb, 02:15 PM Reply Like
  • chungminchao
    , contributor
    Comment (1) | Send Message
     
    how long BAC will stay with 1 cent dividend? It can do better than this.
    11 Feb, 02:16 PM Reply Like
  • 9945121
    , contributor
    Comments (6) | Send Message
     
    Faithful shareholders still holding vigil for the day the dividend begins its ascent. Time to light yet another candle.
    11 Feb, 02:16 PM Reply Like
  • benitus
    , contributor
    Comments (1927) | Send Message
     
    9945121...you are funny. Guess you must be an old faithful. Light another candle for me, to stay the course, or else, I'm done.
    11 Feb, 03:27 PM Reply Like
  • TyHub
    , contributor
    Comments (28) | Send Message
     
    Gee, I don't know what to do with my $10.00! Maybe I can finally afford that cup of Sbux & a croissant I've always wanted!!
    11 Feb, 02:16 PM Reply Like
  • larrydino
    , contributor
    Comments (3) | Send Message
     
    Why only .01 cent dividend for the 1st quarter? Is there any hope for an increase in the 2nd, or 3rd quarters this year? Please give your loyal share holders some hope. It has been a very long dry period with only a .01 cent dividend.
    11 Feb, 02:31 PM Reply Like
  • webbersworld
    , contributor
    Comments (152) | Send Message
     
    Dividend bump will come next quarter. Long BAC and can't wait for the big DRIPs very soon.
    11 Feb, 03:04 PM Reply Like
  • benitus
    , contributor
    Comments (1927) | Send Message
     
    webber...I think the same thing was said last quarter when the dividend was also a penny. Can't even pay for the depreciation in the U.S. dollar. Almost everyone was talking about 2014 being a better year for dividends and look at how they treat us this quarter. Makes me wanna puke.
    11 Feb, 03:30 PM Reply Like
  • webbersworld
    , contributor
    Comments (152) | Send Message
     
    Honestly, as far as I can remember, it's always been talked about on here that it would be coming after Q2 of 2014, which is why I was surprised to see everyone so disappointed when the news broke earlier today. If it doesn't come next quarter, I'll be extremely let down.
    11 Feb, 04:15 PM Reply Like
  • Mike Andrewes
    , contributor
    Comments (75) | Send Message
     
    BAC wasn't allowed to raise dividend this quarter. The federal stress test will give the possibility for it to happen next quarter though!
    11 Feb, 03:31 PM Reply Like
  • cbmetcalfe
    , contributor
    Comments (86) | Send Message
     
    Agree with optimistic. Get the lawsuits settled and reward those who stick around or jumped in at the right time. I'm long BAC. There are several great articles on here comparing their financials with the other big boys. They are in the best place for growth over the next few years. I can wait on the div with the growth I'm expecting.
    11 Feb, 03:48 PM Reply Like
  • jppoczatek
    , contributor
    Comments (80) | Send Message
     
    That was the most they were allowed to give. Once the feds release their grip it will go up. Long BAC
    11 Feb, 04:18 PM Reply Like
  • foxchena
    , contributor
    Comments (35) | Send Message
     
    Currently long BAC have been there since the stock was below $10, great investment so far, once a dividend is set will be best of all worlds.
    11 Feb, 05:09 PM Reply Like
  • fanebrp
    , contributor
    Comments (278) | Send Message
     
    I sell Puts a few weeks out... over and over, so make $ as the stock goes up. 2 Pluses here and it works well and it's like getting BIG fat dividends. I don't even care about the .01 cent ! Keeps my sanity ! & Yes I own lots of shares too.
    11 Feb, 07:43 PM Reply Like
  • illini2003
    , contributor
    Comments (12) | Send Message
     
    Not sure why everyone is upset, would you rather have a couple extra pennies now per share, or more because they bought back shares and reduced the dividends they have to pay because of it?
    11 Feb, 09:26 PM Reply Like
  • Invest For Freedom
    , contributor
    Comments (30) | Send Message
     
    Agreed 11978851. I'd actually prefer the shares to hover around this level or even dip lower so they can purchase more shares on the cheap. I have no doubt they will be allowed to raise the dividend in Q2.
    11 Feb, 09:49 PM Reply Like
  • dictionshunary
    , contributor
    Comments (209) | Send Message
     
    Don't complain about this being just peanuts. BAC will roar back on the shoulders of the USA as soon as knowledgable pro business folk are in the drivers seats in DC. BAC is a well run customer oriented bank. Buy now so you won't weep later.
    12 Feb, 07:25 AM Reply Like
  • Yahoo User
    , contributor
    Comments (6) | Send Message
     
    Policy in D.C is that if BAC has enough cash to pay divy, it has enough cash to give free houses to uknowho.

     

    No div increase until 2016, maybe.
    12 Feb, 05:12 PM Reply Like
  • benitus
    , contributor
    Comments (1927) | Send Message
     
    Yahoo... you may be right. I had never thought of that. If that's true, then kudos to Moynihan and his team. Thanks for the insight.
    13 Feb, 08:40 AM Reply Like
  • jyabc888
    , contributor
    Comments (44) | Send Message
     
    Long BAC.. and I believe the dividend will come after the mess is cleaned. So we have to be patient for a while. I feel it is 1 year...
    13 Feb, 09:46 PM Reply Like
  • Drstocks1
    , contributor
    Comments (2) | Send Message
     
    The key to your question is to look back at the last banking crisis in 1990-91. The Financials went under $10 at that time and omitted their dividends as well. How they resumed the dividends will give us a good clue as to how it will play out now. I was long Citibank at the time and eventually earned over 10 per cent annually based on my cost basis as each year they bumped the dividend by 10-15 percent
    16 Feb, 09:33 PM Reply Like
  • Drstocks1
    , contributor
    Comments (2) | Send Message
     
    http://bit.ly/1fvpRo6
    18 Feb, 09:04 AM Reply Like
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