BANK OF AMERICA CORPORATION (LON:BAC) Files An 8-K Other Events
ITEM 8.01
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Other Events.
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On June 28, 2017, Bank of America Corporation (the Corporation)
issued a news release announcing that the Corporations Board of
Directors (the Board) plans to increase the quarterly dividend
paid on shares of the Corporations common stock to $0.12 per
share, beginning in the third quarter of 2017. The news release
also announced that the Board has authorized the repurchase of
$12 billion of the Corporations common stock from July 1, 2017
through June 30, 2018, plus repurchases to offset shares awarded
under equity-based compensation plans during the same period,
estimated to be approximately $0.9 billion. The Boards common
stock repurchase authorization covers both common stock and
warrants and replaces the Boards prior common stock repurchase
authorization that expires on June 30, 2017.
issued a news release announcing that the Corporations Board of
Directors (the Board) plans to increase the quarterly dividend
paid on shares of the Corporations common stock to $0.12 per
share, beginning in the third quarter of 2017. The news release
also announced that the Board has authorized the repurchase of
$12 billion of the Corporations common stock from July 1, 2017
through June 30, 2018, plus repurchases to offset shares awarded
under equity-based compensation plans during the same period,
estimated to be approximately $0.9 billion. The Boards common
stock repurchase authorization covers both common stock and
warrants and replaces the Boards prior common stock repurchase
authorization that expires on June 30, 2017.
In addition, the news release announced that the Board of
Governors of the Federal Reserve System completed its 2017
Comprehensive Capital Analysis and Review, and informed the
Corporation that it did not object to the Corporations capital
plan, including the dividend and repurchase actions described
above.
Governors of the Federal Reserve System completed its 2017
Comprehensive Capital Analysis and Review, and informed the
Corporation that it did not object to the Corporations capital
plan, including the dividend and repurchase actions described
above.
A copy of the news release is attached hereto as Exhibit 99.1 and
incorporated by reference into this Item 8.01.
incorporated by reference into this Item 8.01.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed herewith.
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EXHIBIT NO.
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DESCRIPTION OF EXHIBIT
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99.1
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News Release dated June 28, 2017
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BANK OF AMERICA CORP /DE/ ExhibitEX-99.1 2 bac-exhibit991062817.htm EXHIBIT 99.1 Exhibit June 28,…To view the full exhibit click here
