Bank of America Declares First-Quarter 2022 Stock Dividends

Rhea-AI Summary

Bank of America Corporation declared a quarterly cash dividend of $0.21 per share on common stock, payable on March 25, 2022, to shareholders of record as of March 4, 2022. Additionally, a dividend of $1.75 per share was declared on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on April 25, 2022, to shareholders of record as of April 8, 2022. Bank of America serves approximately 67 million clients across 4,200 retail financial centers and 16,000 ATMs with a strong digital banking presence.

Positive

• Quarterly cash dividend of $0.21 per share enhances shareholder income.
• Preferred stock dividend of $1.75 indicates strong financial health.
• Large client base with approximately 67 million customers demonstrates market presence.

Negative

• None.

CHARLOTTE, N.C., Feb. 2, 2022 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.21 per share, payable on March 25, 2022 to shareholders of record as of March 4, 2022.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on April 25, 2022 to shareholders of record as of April 8, 2022.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 33 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email news alerts.

Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com

Reporters May Contact:
Jerry Dubrowski, Bank of America
Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com

Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794
christopher.feeney@bofa.com

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SOURCE Bank of America Corporation

FAQ

What is the dividend amount declared by Bank of America for Q1 2022?

Bank of America declared a dividend of $0.21 per share for common stock.

What is the payment date for Bank of America's common stock dividend?

The payment date for the common stock dividend is March 25, 2022.

When is the record date for Bank of America's dividend payout?

The record date for the dividend payout is March 4, 2022.

What is the dividend amount on the 7% Cumulative Redeemable Preferred Stock?

The dividend amount on the 7% Cumulative Redeemable Preferred Stock, Series B, is $1.75 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on April 25, 2022.