Bank of America (NYSE:BAC) Board Declares Quarterly Dividend

The board of directors of Bank of America (NYSE:BAC) declared a regular quarterly dividend today.

Shareholders of record as of March 4, 2011 will receive a cash dividend on common stock of $0.01 a share, payable on March 25, 2011.

For Cumulative Redeemable 7 percent Preferred Stock, Series B, Bank of America's board declared a dividend of $1.75 a share. That is offered to shareholders of record as of April 11, 2011, payable on April 25, 2011.

Bank of America was trading at $13.67, up $0.04, or 0.29 percent, as of 11:04 AM EST.