04:37 PM EDT, 07/24/2024 (MT Newswires) -- Bank of America ( BAC ) said Wednesday its board raised its quarterly cash dividend by $0.02 to $0.26 per share, payable Sept. 27 to shareholders of record on Sept. 6.

The board also authorized a $25 billion share repurchase program, effective Aug. 1.

The new repurchase program will replace the current program, which had about $6.7 billion remaining as of June 30.

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