BankAmerica Corp

BankAmerica Corp DRIP Rating:
Quick Takeaway:

Bank of America is one of the world's largest financial institutions providing a wide range of banking and financial services to individuals, small and middle-market businesses and large corporations. The company currently operates in all 50 U.S. states and its retail banking footprint covers more than 80% of the U.S. population. In addition, Bank of America has banking operations in more than 40 non-U.S. countries around the globe. The company acquired Merrill Lynch at the height of the U.S. financial crisis in 2008. Bank of America is a component of both the S&P 500 and the Dow Jones Industrial Average.

Ticker Symbol: BAC Exchange: NYSE

Investor Contact Information:
Transfer Agent: Computershare CIP
Mail: P.O. Box 505000
Louisville, KY 40233
Phone: 800-642-9855
IR website

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2012 2013 2014 2015 2016 2017
Dividend $0.04 $0.04 $0.12 $0.20 $0.25 $0.39
Annual Increase 0.0% 0.0% 200.0% 66.7% 25.0% 56.0%
DRIP Plan Summary: Fees/Investment Options
Consecutive Years of Higher Dividends: 4
Purchase Fee: NONE (paid by Bank of America)
Dividend Reinvestment Fee: NONE (paid by Bank of America)
Discount on Reinvested Dividends: NONE
Direct Enrollment (DE): Yes
DE Minimum Investment: $1,000 (doesn't apply to FirstShare members)
Optional Cash Purchase: Yes
OCP Minimum: $50/transaction
OCP Maximum: $120,000/year
OCP Purchase Frequency: Weekly
Transfer Agent: Computershare