Bank of America headquarters in Charlotte. The bank’s June 29 announcement that its 5-cent dividend is going to 7.5 cents was welcome news to shareholders who’ve been yearning for a higher payout. But for investors still looking for a return to the 64 cents the Charlotte bank paid before the financial crisis, the wait could be long.
Bank of America headquarters in Charlotte. The bank’s June 29 announcement that its 5-cent dividend is going to 7.5 cents was welcome news to shareholders who’ve been yearning for a higher payout. But for investors still looking for a return to the 64 cents the Charlotte bank paid before the financial crisis, the wait could be long. Davis Turner Getty Images
Bank of America headquarters in Charlotte. The bank’s June 29 announcement that its 5-cent dividend is going to 7.5 cents was welcome news to shareholders who’ve been yearning for a higher payout. But for investors still looking for a return to the 64 cents the Charlotte bank paid before the financial crisis, the wait could be long. Davis Turner Getty Images
Bank Watch

Bank Watch

News and notes on Charlotte's banks and the financial industry

3 reasons Bank of America’s dividend is not rising faster

July 08, 2016 1:39 PM