Bank of America Corp (BAC)

[Gixene]

SunRise90210, I feel as if you have misunderstood. Bank of America Corp. (BAC) was approved for a dividend increase and share buy back for the next 12 months. (BAC) along with 29 other banks had to be apply to the Federal Reserve to increase dividend and share buy backs based on stress test results. This insures that banks have a sufficient amount of reserve capital incase of failure or collapse. Since (BAC) passed the Federal Reserve's stress test, they are allowed to increase these programs without jeopardizing the company.

(BAC)'s last dividend was on March 5, 2014. The next official dividend date hasn't been announced yet, but (BAC)'s next dividend will likely be around June 5, 2014. This date is announced when earnings are released, which will be on April 16, 2014 BMO.

I hope I explained this throughly. If you have any questions or still don't fully understand, then please ask questions. It's important that you understand.