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Bank of America Declares Fourth Quarter 2021 Preferred Stock Dividends

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Bank of America announced cash dividends for preferred stock, with amounts up to $32.500 per share, payable to shareholders. The dividends include:

  • Series L: $18.125 (Payment on Nov 1)
  • Series Z: $32.500 (Payment on Oct 25)
  • Series HH: $0.3671875 (Payment on Oct 25)
  • Series NN: $0.2734375 (Payment on Nov 3)
  • Series PP: $0.2578125 (Payment on Nov 2)

Record dates range from October 1 to October 15, 2021, highlighting the company's ongoing commitment to returning value to shareholders.

Positive
  • Regular cash dividends authorized for multiple preferred stock series, indicating financial stability.
  • Dividend per share reflects strong income potential for shareholders, including $32.500 for Series Z.
Negative
  • None.

CHARLOTTE, N.C., Sept. 13, 2021 /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

October 1

November 1





Fixed-to-Floating Rate Non-
Cumulative Preferred Stock,
Series Z

$32.500

October 1

October 25





5.875% Non-Cumulative
Preferred Stock, Series HH

$0.3671875

October 1

October 25





4.375% Non-Cumulative
Preferred Stock, Series NN

$0.2734375

October 15

November 3





4.125% Non-Cumulative
Preferred Stock, Series PP

$0.2578125

October 15

November 2


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 Z, 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 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 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.

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:
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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-fourth-quarter-2021-preferred-stock-dividends-301375635.html

SOURCE Bank of America Corporation

FAQ

What is the dividend payment for BAC preferred stock in Q4 2021?

Bank of America declared dividends for preferred stock, including $18.125 for Series L and $32.500 for Series Z.

When is the payment date for BAC preferred stock dividends?

Payment dates for BAC preferred stock dividends range from October 25 to November 3, 2021.

What are the record dates for BAC preferred stock dividends?

Record dates for BAC preferred stock dividends are set from October 1 to October 15, 2021.

How often does BAC pay dividends on its preferred stock?

Dividend payments are made quarterly for most preferred stock series, with semi-annual payments for Series Z.

Bank of America Corporation

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