Bank of America Declares First-Quarter 2023 Stock Dividends

Rhea-AI Summary

Bank of America Corporation (NYSE: BAC) declared a quarterly cash dividend of $0.22 per share on common stock, payable on March 31, 2023, to shareholders of record as of March 3, 2023. Additionally, a dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, is scheduled for April 25, 2023, for shareholders of record as of April 11, 2023. This strong commitment to dividend payments reflects confidence in the company's ongoing financial stability and ability to generate returns for shareholders.

Positive

• Quarterly cash dividend of $0.22 indicates strong income for shareholders.
• Dividend payment date of March 31, 2023, reinforces financial commitment.

Negative

• None.

CHARLOTTE, N.C., Feb. 1, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.22 per share, payable on March 31, 2023 to shareholders of record as of March 3, 2023.

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, 2023 to shareholders of record as of April 11, 2023.

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 3,900 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 56 million verified digital 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 news email 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: 
Bill Halldin, Bank of America
Phone: 1.916.724.0093 
william.halldin@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 latest dividend amount for Bank of America (BAC)?

The latest dividend amount for Bank of America (BAC) is $0.22 per share.

When is the Bank of America (BAC) dividend payable?

The Bank of America (BAC) dividend is payable on March 31, 2023.

What is the record date for the Bank of America (BAC) dividend?

The record date for the Bank of America (BAC) dividend is March 3, 2023.

What is the preferred stock dividend amount for Bank of America (BAC)?

The preferred stock dividend amount for Bank of America (BAC) is $1.75 per share.

When is the preferred stock dividend for Bank of America (BAC) payable?

The preferred stock dividend for Bank of America (BAC) is payable on April 25, 2023.