BofA raises dividend to 5 cents per share
Bank of America Corp (BAC.N) said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend increase in seven years.
The bank withdrew its previously planned increase in April after it found errors that reduced a key capital level by $4 billion.
(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)
Source: Reuters
