Bank Of America Stock To Go Ex-dividend Tomorrow (BAC)
The ex-dividend date for Bank of America Corporation (NYSE:BAC) is tomorrow, December 5, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $9.78 as of 9:36 a.m., the dividend yield is 0.4%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Bank of America Corporation (NYSE: BAC) is tomorrow, December 5, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $9.78 as of 9:36 a.m. ET, the dividend yield is 0.4%. The average volume for Bank of America has been 152.8 million shares per day over the past 30 days. Bank of America has a market cap of $106.27 billion and is part of the financial sector and banking industry. Shares are up 77.3% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7.
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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 good cash flow from operations, 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 and generally higher debt management risk. You can view the full Bank of America Ratings Report. See our dividend calendar or top-yielding stocks list. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.