Bank of America Corporation Declares Dividends

The Bank of America Corporation (NYSE: BAC) board of directors today declared a regular quarterly dividend of $.45 per share on Bank of America common stock. The dividend is payable September 24, 1999 to shareholders of record on September 3, 1999. The board also declared regular quarterly dividends on two preferred stock issues. A $1.75 cash dividend was declared on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable October 28, 1999 to shareholders of record on October 14, 1999. A cash dividend of 62.5 cents was declared on the $2.50 Cumulative Convertible Preferred Stock, Series BB, payable on October 1, 1999 to shareholders of record on September 3, 1999. The company has announced the redemption of the Series BB Preferred Stock, which was initially issued by Barnett Banks, Inc. prior to its merger with Bank of America. The redemption date is October 1, 1999 with a redemption price of $25 per share. Shareholders have the right to convert their shares into common stock of the corporation through September 16, 1999. The corporation expects all preferred shareholders to exercise their conversion rights. Bank of America, with $614 billion in assets, is the largest bank in the United States. The company serves more than 30 million households and 2 million businesses across the country, offering customers the largest and most convenient delivery network from offices and ATMs to telephone and internet access. It also provides comprehensive international corporate financial services for clients doing business around the world. The company creates financial relationships featuring a full array of financial services, from traditional banking products to investments and capital raising within the securities markets. Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges and certain shares are listed on the Tokyo Stock Exchange. Further investor information can be found at www.bankofamerica.com/investor . www.bankofamerica.com ots Original Text Service: Bank of America Corporation Internet: http://www.newsaktuell.de Contact: investors, Susan Carr, (USA) 704-386-8059, or Kevin Stitt, (USA) 704-386-5667, or media, Bob Stickler, (USA) 704-386-8465, all of Bank of America Corporation Web site: http://bankofamerica.com/investor Web site: http://bankofamerica.com

Klíčová slova Bank of America Corporation

Oblast
USA, Kanada, OSN, svět a Arktida (us)

Kategorie
Finance, ekonomika

ZASÍLÁNÍ ZPRÁV
Přihlásit k odběru

Upozornění:
Materiály označené značkou Protext nejsou součástí zpravodajského servisu ČTK a nelze je publikovat pod její značkou. Jde o komerční sdělení zadavatele, který je ve zprávě označen a který za ně nese plnou odpovědnost.