Bank of America Declares Preferred Stock Dividends

Rhea-AI Summary

Bank of America Corporation has announced the authorization of regular cash dividends for its preferred stocks. The dividends include $0.25556 for Series E, $1,000.00 for Series F and G, $31.25 for Series X, among others. Key payment dates span from February 16 to March 15, 2023, with corresponding record dates between February 1 and 29, 2023. The announcement reinforces the bank's commitment to providing income for shareholders while maintaining strong financial health.

Positive

• Regular cash dividends authorized for various preferred stocks.
• Dividends provide consistent income for shareholders.

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		January 29		February 16
Floating Rate Non-Cumulative, Series F		$1,000.00000		February 26		March 15
Adjustable Rate Non-Cumulative, Series G		$1,000.00000		February 26		March 15
Fixed-to-Floating Rate Non-Cumulative, Series X		$31.25		February 15		March 5
Floating Rate Non-Cumulative Preferred Stock, Series 1		$0.18750		February 15		February 26
Floating Rate Non-Cumulative Preferred Stock, Series 2		$0.19167		February 15		February 26
Floating Rate Non-Cumulative Preferred Stock, Series 4		$0.25556		February 15		February 26
Floating Rate Non-Cumulative Preferred Stock, Series 5		$0.25556		February 1		February 22
Fixed-to-Floating Rate Non-Cumulative, Series AA		$30.50		March 1		March 17
Fixed-to-Floating Rate Non-Cumulative, Series DD		$31.50		February 15		March 10
Fixed-to-Floating Rate Non-Cumulative, Series FF		$29.375		March 1		March 15
6.000% Non-Cumulative Preferred Stock, Series GG		$0.375		February 1		February 16
5.375% Non-Cumulative Preferred Stock, Series KK		$0.3359375		March 1		March 25
5.000% Non-Cumulative Preferred Stock, Series LL		$0.3125		March 1		March 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 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 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 owners 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210115005332/en/

FAQ

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

The dividend amount for Series E preferred stock is $0.25556.

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

The payment date for Series F preferred stock is March 15, 2023.

What are the key record dates for Bank of America preferred stocks?

Key record dates range from February 1 to February 29, 2023, depending on the series.

How frequently are dividends paid for Bank of America preferred stocks?

Dividends are paid quarterly for most preferred stocks, with some paying semi-annually.