August 6, 2014 / 1:25 PM / 3 years ago

BofA raises dividend to 5 cents per share

Aug 6 (Reuters) - Bank of America Corp said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend increase in seven years.

The bank withdrew its previously planned increase in April after it found errors that reduced a key capital level by $4 billion. (Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)

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