Bank of America Splits Stock 2-for-1; Raises Dividend 12.5%
BOSTON, June 23 /PRNewswire-FirstCall/ -- The Bank of America Board of Directors today declared a 2-for-1 stock split in the form of a common stock dividend as well as increased the quarterly cash dividend by 12.5 percent from $.80 to $.90 per pre-split share, which will be $.45 per post-split share. The common stock dividend will be effective August 27, 2004 to common shareholders of record on August 6, 2004. The cash dividend will be effective September 24, 2004, for common shareholders of record on September 3, 2004.
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