BOSTON — The board of directors for FleetBoston Financial has declared a regular quarterly dividend of 33 cents per share on the company’s common stock, payable on July 1 to shareholders of record on June 3.
The board has also declared a regular quarterly dividend of 82.5 cents per depositary share on the corporation’s Series VII Fixed/Adjustable Rate Cumulative Preferred Stock and 82.5 cents per depositary share on the corporation’s Series VIII Fixed/Adjustable Rate cumulative Preferred Stock. The preferred stock dividends are payable on July 1 to shareholders of record on June 15.
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Yesterday, Fleet announced its first quarter profits dropped 6 percent, from $927 million a year ago to $870 million this year. Including special charges and a loss posted for the sale of its mortgage unit, the corporation’s quarterly income was $142 million, or 12 cents per share, compared to $1.08 billion, or 97 cents a share, during the same period last year.
