Bank of America Declares Fourth-Quarter 2022 Stock Dividends

Rhea-AI Summary

Bank of America announced a quarterly cash dividend of $0.22 per share on common stock, payable on December 30, 2022 to shareholders on record as of December 2, 2022.

Additionally, a dividend of $1.75 per share on 7% Cumulative Redeemable Preferred Stock, Series B, will be paid on January 25, 2023 to shareholders on record as of January 11, 2023.

Positive

• Quarterly cash dividend of $0.22 per share highlights company confidence.
• Preferred stock dividend of $1.75 per share indicates a strong financial position.

Negative

• None.

CHARLOTTE, N.C., Oct. 19, 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 $0.22 per share, payable on December 30, 2022 to shareholders of record as of December 2, 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 January 25, 2023 to shareholders of record as of January 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 68 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 email news alerts. 

www.bankofamerica.com

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-fourth-quarter-2022-stock-dividends-301654095.html

SOURCE Bank of America Corporation

FAQ

What is the dividend amount declared by BAC for the fourth quarter of 2022?

Bank of America declared a quarterly cash dividend of $0.22 per share for common stock.

When will BAC's common stock dividend be paid?

The dividend will be payable on December 30, 2022.

What is the record date for BAC's common stock dividend?

The record date for the dividend is December 2, 2022.

What is the dividend for BAC's preferred stock?

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

When will BAC's preferred stock dividend be paid?

The preferred stock dividend will be paid on January 25, 2023.

What is the record date for BAC's preferred stock dividend?

The record date for the preferred stock dividend is January 11, 2023.