— Shares of Bank of America were little changed in premarket trading after the bank announced that it was hiking its quarterly divided to 24 cents per share from 22 cents.
The increase of roughly 9% puts the bank's dividend yield at about 3.3%, based on Wednesday's closing price. The hike comes days after Bank of America said it was discussing with the Federal Reserve differences in the results between the central bank's stress test and an internal version of the test.
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