==Bank of America (BAC) to increase quarterly dividend by 8% to $0.26/share

Bank of America to increase quarterly dividend by 8% to $0.26/share following the Fed's Stress Test results 

Earnings Date	Jul 16, 2024
Forward Dividend & Yield	0.96 (2.40%)
Ex-Dividend Date	Jun 07, 2024

• Co announced plans to increase its quarterly common stock dividend to $0.26 per share beginning in the third quarter of 2024.
• Based on the 2024 CCAR results, Bank of America's stress capital buffer (SCB) will be 3.2% and the CET1 minimum requirement will be 10.7% when finalized. This new SCB will be effective from October 1, 2024 to September 30, 2025. At March 31, 2024 Bank of America had $197 billion of regulatory CET1 capital and a CET1 ratio of 11.9% which exceeds our current regulatory minimum requirement of 10.0%.