secwatch.observer — SEC 8-K summary
======================================

Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000070858-24-000194
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America raises quarterly dividend 8% to $0.26, authorizes $25B buyback
------------------------------------------------------------------------------

- Common dividend increased 8% to $0.26 per share; payable Sept 27, 2024 to holders of record Sept 6, 2024.
- Board authorized new $25B common stock repurchase program effective Aug 1, 2024.
- Prior buyback program had $6.7B remaining as of June 30, 2024; new program replaces it.
- Series B preferred dividend of $1.75 per share declared, payable Oct 25, 2024 to holders of record Oct 11, 2024.
- Repurchases subject to capital position, liquidity, market conditions, and may be suspended at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000194/0000070858-24-000194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085824000194/bac-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000070858-24-000194

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer