Bank of America Declares First Quarter 2024 Preferred Stock Dividends

Rhea-AI Summary

Bank of America Corporation (BAC) has announced regular cash dividends on its preferred stock series. The company serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial products and services. Bank of America has a strong presence in the United States, serving approximately 69 million consumer and small business clients. The company's stock is listed on the New York Stock Exchange (NYSE: BAC).

CHARLOTTE, N.C., Dec. 15, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

Series of Preferred Stock	Dividend per Share or Depositary Share1	Record Date	Payment Date
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L	$18.125	January 1	January 30
5.875% Non-Cumulative Preferred Stock, Series HH	$0.3671875	January 1	January 24
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM	$21.50	January 1	January 29
4.375% Non-Cumulative Preferred Stock, Series NN	$0.2734375	January 15	February 5
4.125% Non-Cumulative Preferred Stock, Series PP	$0.2578125	January 15	February 2
4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR	$10.9375000	January 1	January 29
6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT	$15.3125000	January 1	January 29

1	Each series of preferred stock, other than Series L, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series MM, for which dividends are paid on a semi-annual basis.

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 69 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 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 4 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 more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

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.

www.bankofamerica.com

Investors May Contact:

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

Jonathan 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 dividends have been authorized by Bank of America Corporation (BAC)?

Bank of America Corporation has authorized regular cash dividends on the outstanding shares or depositary shares of several series of preferred stock.

What is the record date for the authorized dividends by Bank of America Corporation (BAC)?

The record date for the authorized dividends by Bank of America Corporation is January 1 for most series of preferred stock.

Where is Bank of America Corporation (BAC) listed?

Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

How many consumer and small business clients does Bank of America Corporation (BAC) serve?

Bank of America Corporation serves approximately 69 million consumer and small business clients.

What range of financial products and services does Bank of America Corporation (BAC) provide?

Bank of America Corporation provides a full range of banking, investing, asset management, and other financial and risk management products and services.