Bank of America to Pay $713 Million in Taxpayer Dividends

The dividends will be paid by August 17 and relate to the preferred shares owned by the U.S. Treasury department.
Bank of America to Pay $713 Million in Taxpayer Dividends
Pedestrians pass by a Bank of America branch May 6, 2009 in Chicago, Illinois. The bank will pay $713 million to U.S. government for TARP borrowings. Scott Olson/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/bank-america-86440537-resized.jpg" alt="Pedestrians pass by a Bank of America branch May 6, 2009 in Chicago, Illinois. The bank will pay $713 million to U.S. government for TARP borrowings. (Scott Olson/Getty Images)" title="Pedestrians pass by a Bank of America branch May 6, 2009 in Chicago, Illinois. The bank will pay $713 million to U.S. government for TARP borrowings. (Scott Olson/Getty Images)" width="320" class="size-medium wp-image-1827506"/></a>
Pedestrians pass by a Bank of America branch May 6, 2009 in Chicago, Illinois. The bank will pay $713 million to U.S. government for TARP borrowings. (Scott Olson/Getty Images)