Will Bank of America Raise Its Dividend in 2020?
Even after more than a decade, investors remember all too well how scary the financial crisis was. Huge banks like Bank of America (NYSE: BAC) found themselves on the brink of collapse, and it ended up taking extraordinary measures to ensure that the global financial system wouldn't simply stop functioning entirely. BofA in particular saw its stock take a huge hit, and even now, it still hasn't fully recovered from the declines its share price suffered.
Dividend investors haven't been entirely comfortable with Bank of America, either. Despite a nice rebound in its quarterly payouts, the company still lags well behind where it was before the crisis when it comes to the size of its dividend payments. Yet that hasn't stopped the banking giant from working on a full comeback, and below, we'll look more closely at whether Bank of America will keep raising its dividend in 2020.
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Source Fool.com
