BofA Will Boost Dividend ‘as Fast as We Can,’ Moynihan Says

Bank of America Corp., the largest U.S. lender by assets, said the company will increase its quarterly dividend from a penny a share “as fast as we can.”

“I don’t see anything that would stop us,” Chief Executive Officer Brian T. Moynihan said at a conference today when asked if he could lift the payout next year. “We’re going to do it as fast as we can.”

To contact the reporter on this story: Hugh Son in New York at hson1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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