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Bank of America Increases Quarterly Dividend 25%.

Publication: PR Newswire
Publication Date: 25-JUN-03
Format: Online - approximately 434 words
Delivery: Immediate Online Access

Article Excerpt
CHARLOTTE, N.C., June 25 /PRNewswire/ -- Responding to recently reduced federal taxes on dividends, the Bank of America Corporation Board of Directors today increased the quarterly dividend on common stock by 16 cents per share, or 25 percent, to $.80.

The dividend is payable on September 26, 2003 to shareholders of record on September 5, 2003.

"The reduced tax rate on dividends makes it...

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