Bank of America Declares Fourth Quarter 2024 Stock Dividends

Rhea-AI Summary

Bank of America (NYSE: BAC) has announced its fourth quarter 2024 stock dividends. The Board of Directors declared a regular quarterly cash dividend of $0.26 per share on common stock, payable on December 27, 2024, to shareholders of record as of December 6, 2024. Additionally, a quarterly cash dividend of $1.75 per share was declared on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on January 24, 2025, to shareholders of record as of January 10, 2025.

Bank of America serves approximately 69 million consumer and small business clients with about 3,700 retail financial centers and 15,000 ATMs. The bank has 58 million verified digital users and supports around 4 million small business households. It operates across the United States and in more than 35 countries worldwide.

Positive

• Consistent quarterly dividend payments for both common and preferred stockholders
• Large customer base of 69 million consumer and small business clients
• Strong digital presence with 58 million verified digital users
• Extensive network of 3,700 retail financial centers and 15,000 ATMs

Negative

• None.

News Market Reaction

-0.47%

1 alert

-0.47% News Effect

On the day this news was published, BAC declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Oct. 16, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, payable on December 27, 2024 to shareholders of record as of December 6, 2024.

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 24, 2025 to shareholders of record as of January 10, 2025.

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 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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.  Click here to 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:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-fourth-quarter-2024-stock-dividends-302277986.html

SOURCE Bank of America Corporation

FAQ

What is Bank of America's (BAC) fourth quarter 2024 dividend for common stock?

Bank of America (BAC) declared a regular quarterly cash dividend of $0.26 per share on common stock for the fourth quarter of 2024.

When will Bank of America (BAC) pay its Q4 2024 common stock dividend?

Bank of America (BAC) will pay its fourth quarter 2024 common stock dividend on December 27, 2024, to shareholders of record as of December 6, 2024.

What is the dividend for Bank of America's (BAC) 7% Cumulative Redeemable Preferred Stock, Series B?

Bank of America (BAC) declared a quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B.

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

Bank of America (BAC) serves approximately 69 million consumer and small business clients.