Bank of America Pays Out $0.32 Per Share Each Quarter. Here's How Many Shares You'd Need for $1,000 a Year in Dividends.
The company has raised its annual dividend for 13 consecutive years.
Overview
In July, Bank of America (NYSE: BAC) raised its quarterly dividend by 14%, to $0.32 per share, or $1.28 annually. That gives it a decent yield of about 2.4%.
So, how many shares of the bank stock would you need to own to collect $1,000 a year in dividend income?
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Details
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Originally published at www.fool.com.
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