NEW YORK (

TheStreet

) -- The ex-dividend date for

Bank of America Corporation

(NYSE:

BAC

) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $8.06 as of 9:30 a.m. ET, the dividend yield is 0.5%.

The average volume for Bank of America has been 271.9 million shares per day over the past 30 days. Bank of America has a market cap of $73.89 billion and is part of the

financial

sector and

banking

industry. Shares are up 44.6% year to date as of the close of trading on Monday.

Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The company has a P/E ratio of 24.6, below the average banking industry P/E ratio of 729 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Bank of America as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management and generally disappointing historical performance in the stock itself. You can view the full

Bank of America Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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