BAC Dividends?

Discussion in 'Stocks' started by fzit0, Jun 18, 2011.

  1. fzit0



    First, I have to let you know that I'm a newbie.

    Now. I was just researching a few stocks to acquire and stumbled upon these news

    It states that the dividend pay will be of $18.125 per share and payable to to shareholders of record as of July 1, 2011.

    Does that mean that I can buy 2 shares of BAC this monday (which are trading at about $11) for approx. $22, hold them until july and get $36.25 on dividends? :confused:

    Or is there something I'm not seeing? :confused:

    Thanks for the help, and sorry if this is a stupid or obvious question. :D