Bank of America Declares Preferred Stock Dividends

Rhea-AI Summary

Bank of America declared cash dividends for various series of preferred stock. The dividends include:

• Series E: $0.25556, payable on August 16, record date July 30.
• Series F: $1,022.22222, payable on September 15, record date August 31.
• Series G: $1,022.22222, also payable on September 15, record date August 31.
• Series X: $31.25, payable on September 7, record date August 15.
• Series AA: $30.50, payable on September 17, record date September 1.

The company continues to maintain its commitment to returning value to shareholders through consistent dividend payments.

Positive

• Consistent cash dividends authorized for multiple series of preferred stock.
• Noteworthy dividend amounts, including $1,022.22222 for Series F and G, indicating strong financial health.
• Commitment to returning value to shareholders through regular dividend payments.

Negative

• None.

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
Floating Rate Non- Cumulative, Series E		$0.25556		July 30		August 16
Floating Rate Non- Cumulative, Series F		$1,022.22222		August 31		September 15
Adjustable Rate Non- Cumulative, Series G		$1,022.22222		August 31		September 15
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series X		$31.25		August 15		September 7
Floating Rate Non- Cumulative Preferred Stock, Series 1		$0.1875		August 15		August 31
Floating Rate Non- Cumulative Preferred Stock, Series 2		$0.19167		August 15		August 31
Floating Rate Non- Cumulative Preferred Stock, Series 4		$0.25556		August 15		August 31
Floating Rate Non- Cumulative Preferred Stock, Series 5		$0.25556		August 1		August 23
Cumulative Preferred Stock, Series AA		$30.50		September 1		September 17
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series DD		$31.50		August 15		September 10
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series FF		$29.375		September 1		September 15
6.000% Non-Cumulative Preferred Stock, Series GG		$0.375		August 1		August 16
5.375% Non-Cumulative Preferred Stock, Series KK		$0.3359375		September 1		September 27
5.000% Non-Cumulative Preferred Stock, Series LL		$0.3125		September 1		September 17

¹ Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series X, Series AA, Series DD, and Series FF, 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, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,400 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 40 million active users, including approximately 31 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 news email alerts.

www.bankofamerica.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210713006107/en/

FAQ

What is the dividend amount for Bank of America Series E preferred stock?

The dividend amount for Series E is $0.25556.

What is the payment date for Bank of America Series F preferred stock?

The payment date for Series F is September 15.

When is the record date for Bank of America Series AA preferred stock?

The record date for Series AA is September 1.

What is the dividend per share for Bank of America Series X preferred stock?

The dividend per share for Series X is $31.25.

How often does Bank of America pay dividends on preferred stock?

Most preferred stock dividends are paid quarterly, with some series like X, AA, DD, and FF paid semi-annually.