By Kathryn Hardison


Bank of America Corp. plans to increase its quarterly dividend to 22 cents per share starting in the third quarter.

The company said Monday that the 5% increase is subject to approval from the board of directors.

Shares were trading at $32.38 after market close on Monday.


Write to Kathryn Hardison at kathryn.hardison@wsj.com


(END) Dow Jones Newswires

06-27-22 1707ET