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Bank of America plans to boost quarterly dividend to $0.22 per share

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Yahoo Finance Live's Seana Smith looks at Bank of America's stock after announcing a boost to its quarterly dividends.

Video Transcript

[MUSIC PLAYING]

- Here is my stock to watch for tomorrow. Bank of America. Another company just announcing it is raising its dividend on the heels of the latest Fed stress test results. After this increase, the bank's quarterly payout will be $0.22 a share, and is just one of several institutions announcing dividend increases. We've also heard from State Street and Truist so far.