The slanted article, probably put out by a BAC adversary ie JPM Morgan/Goldman Sachs, is trying to justify their view on BAC's dividend increase. They predict BAC will only increase their dividend to 2.5 cents a quarter. What a joke! Maybe these jerks get paid by how many read their article. BAC would be laughed and also chastised by shareholders if they followed that action.
More likely BAC will bump their dividend up to a minimum to 5 cents quarterly but I would hope for 6 cents plus. For clowns to write this garbage is ridiculous!
LOL! Not sure you have understood Motley Fool article that well. If BofA raises the dividend to 2.5 cents that opens the opportunity for a later raise of 0.25 cents, followed by another raise of 0.125 cents and in an infinite series of raises, each a half of the one before, always increasing but never quite reaching 3 cents. LOL!
As has been often said, humorless satire is best understood by someone with a hernia. LOL!
By the way, the writer of this uniformed article isn't even checking her facts. The 11 percent expected payout ratio will not be of BAC's trailing earnings but their expected 2014 earnings that other authors picking up on Citi's work have stated. Thus we get to a 5 cent quarterly dividend.