Bank of America Increases Common Stock Dividend 8% to $0.28 Per Share, Authorizes $40 Billion Stock Repurchase Program
1. Bank of America raised its quarterly dividend to $0.28 per share. 2. A new $40 billion stock repurchase program was authorized. 3. Current repurchase program has $9.1 billion remaining as of June 2025. 4. Dividends reflect a commitment to return excess capital to shareholders. 5. Capital distributions depend on maintaining regulatory capital levels.