NEW YORK (

TheStreet

) -- The ex-dividend date for

Bank of America Corporation

(NYSE:

BAC

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $7.28 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for Bank of America has been 243 million shares per day over the past 30 days. Bank of America has a market cap of $77.05 billion and is part of the

financial

sector and

banking

industry. Shares are up 28.6% year to date as of the close of trading on Friday.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally.

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TheStreet Ratings rates Bank of America as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and weak operating cash flow. You can view the full

Bank of America Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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