Bank of America Declares Quarterly Dividend of $0.01

Bank of America Corporation BAC today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable on June 24, 2011 to shareholders of record as of June 3, 2011. The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 25, 2011 to shareholders of record as of July 11, 2011.