CHARLOTTE, N.C., July 21 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable on September 25, 2009, to shareholders of record as of September 4, 2009.

The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on October 23, 2009 to shareholders of record as of October 9, 2009.

Bank of America