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  • Bank of America Corp. (NYSE:BAC) Declares Quarterly Dividends

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    Wednesday May 11, 2011 at 03:46 pm EST
     
    Bank of America Corp. (NYSE:BAC) Declares Quarterly Dividends
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    Bank of America Corp. (NYSE:BAC) today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable on June 24, 2011 to shareholders of record as of June 3, 2011.

    The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 25, 2011 to shareholders of record as of July 11, 2011.
    Shares of Bank of America Corp. (NYSE:BAC) are trading at $12.24 below support level of $12.25 at near Wednesday's close. Major support levels for Bank of America Corp. (NYSE:BAC) below current price are at $11.81 and at $11.21. Resistance levels above current price are at $13.19, $13.55, $14.12 and at $14.57. Shares of Bank of America Corp. (NYSE:BAC) look like a good buy at this price.


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