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Bank of America Corporation Message Board

  • geronimo36 geronimo36 Jul 8, 2008 10:28 AM Flag

    Dividend Cut ...Why?

    Help me understand ... MRQ $335.3B cash on hand,
    Help me understand ... MRQ $335.3B cash on hand, $75.30 cash/share, $31.2 book value/share. TTM $26.8B cash flow.

    CFC acquisition, no cash required, should be accretive to book value in 3Q.

    What am I missing?

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    • Did you see that Bac has also debt??????Check the balance better!Bac will cut dividend 80%,it is already a fact.

      • 1 Reply to cappuccini2000
      • Bank of America Declares Preferred Dividends
        CHARLOTTE, N.C., July 3 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized dividends on preferred stock.

        (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

        A regular quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on September 15, 2008 to shareholders of record as of August 29, 2008. A regular quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on August 15, 2008 to shareholders of record as of July 31, 2008. The initial quarterly cash dividend of $0.3929 per depositary share on the 8.20 percent Non-Cumulative Preferred Stock, Series H, is payable on August 1, 2008 to shareholders of record as of July 15, 2008. A regular quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series I, is payable on October 1, 2008 to shareholders of record as of September 15, 2008. A regular quarterly cash dividend of $0.453125 per depositary share on the 7.25 percent Non-Cumulative Preferred Stock, Series J, is payable on August 1, 2008 to shareholders of record as of July 15, 2008. The initial semi-annual cash dividend of $40.0000 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K, is payable July 30, 2008 to shareholders of record as of July 15, 2008.

        Bank of America

        Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,500 ATMs and award-winning online banking with nearly 25 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

 
BAC
16.04-0.45(-2.73%)Feb 26 4:00 PMEST

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