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Bank of America Corp (BAC) declares $0.01/share quarterly dividend, in line with previous....

Bank of America Corp (BAC) declares $0.01/share quarterly dividend, in line with previous. Forward yield 0.35%. For shareholders of record Mar. 01. Payable Mar. 22. Ex-div date Feb. 27. (PR)
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Comments (8)
  • Buckoux
    , contributor
    Comments (7546) | Send Message
    Little will happen with this bank until the Fed's "QE" is restrained and interest rates allowed to rise. Way-too-low interest rates (<6%) are shackles on any banks legs.
    23 Jan 2013, 01:09 PM Reply Like
  • benitus
    , contributor
    Comments (2855) | Send Message
    Yes, fully agreed. Banks make more with higher interest rates. With low rates, they are forced to venture into risky business, in order to increase their earnings, so their exposure to sudden and huge losses are higher, which is what we had been seeing in the recent past. BAC was among the first to learn its lesson, so they are less adventurous and more risk wary, which is why we can't expect great results from BAC. They are trying to shed their costs and create new revenue streams but there's still a limit to how much they can make, given the low interest rates.
    24 Jan 2013, 07:07 AM Reply Like
  • flyin
    , contributor
    Comments (3) | Send Message
    Any ideas when this will increase now that the Basel III is met and how much it might be?
    23 Jan 2013, 01:21 PM Reply Like
  • capbob
    , contributor
    Comment (1) | Send Message
    Moynihan should be fired! Settled for a cost if 50 billion,destroyed the mortgage business, and now wants to rebuild it! It takes 5 months or longer to refi a BAC loan!
    He is terrible CEO....we need a builder of revenue not a lawyer who has no clue !
    23 Jan 2013, 01:21 PM Reply Like
  • benitus
    , contributor
    Comments (2855) | Send Message
    Yes, he should be sent packing, with his tail between his legs. His fear of the adverse has led him to be uninspiring and unwilling to move BAC along. They will plod along and nothing much will happen, except with continuing low results.
    24 Jan 2013, 07:31 AM Reply Like
  • coverley54
    , contributor
    Comments (7) | Send Message
    Oh well, when, if ever, is the promised dividend increase coming???
    23 Jan 2013, 03:23 PM Reply Like
  • Markmamnamus
    , contributor
    Comment (1) | Send Message
    Warren Buffet and Bruce Berkowitz like it. I'll hang on for a while.
    23 Jan 2013, 04:00 PM Reply Like
  • Local164
    , contributor
    Comments (4) | Send Message
    A penny? A penny? Why don't they keep it in the till or invest it in Ford??
    23 Jan 2013, 07:09 PM Reply Like
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