Buffett's Berkshire on verge of becoming BofA's top shareholder
Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third quarter. Buffett has said a boost of that size would likely prompt him to swap Berkshire’s preferred shares in the second-largest bank into common shares now worth about $16.7 billion. Berkshire did not immediately respond to requests for comment.
