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BAC Bank of America, Merrill Lynch declare preferred dividends

Co and Merrill Lynch & Co announced their respective Boards of Directors declared preferred dividends. The initial cash dividend of $125 per share, or a total of ~$50 mln, on the Fixed-Rate Cumulative Perpetual Preferred Stock, Series Q, is payable on February 17, 2009 to the shareholder of record as of January 31, 2009.
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