Question

There were 14,058 million shares of this preferred stock outstanding throughout the year. determine the total dividends that bank of america paid during fiscal 2015. round answer to the nearest million.

Answer 1

Bank of America, with 14,058 million common shares outstanding in 2015, and with dividends of $0.05 paid 4 times per share in 2015, the dividends paid overall in 2015 was $2,812 million.