Bank of America Declares Preferred Stock Dividends for First Quarter 2024

Rhea-AI Summary

Bank of America Corporation announced the declaration of regular cash dividends on the outstanding shares of preferred stock. The company serves 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 dividend payments are made on a quarterly or semi-annual basis, depending on the series of preferred stock. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Positive

• Bank of America Corporation declares regular cash dividends on the outstanding shares of preferred stock.
• The company serves a wide range of clients, including individual consumers, small and middle-market businesses, and large corporations.
• The dividend payments are made on a quarterly or semi-annual basis, depending on the series of preferred stock.
• Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Negative

• None.

CHARLOTTE, N.C., Jan. 18, 2024 /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
Floating Rate Non-Cumulative Preferred Stock, Series E		$0.38278		January 31			February 15
Floating Rate Non-Cumulative Preferred Stock, Series F		$1,528.35511		February 29			March 15
Adjustable Rate Non-Cumulative Preferred Stock, Series G		$1,528.35511		February 29			March 15
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U		$22.17796		February 15			March 1
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X		$31.25		February 15			March 5
Floating Rate Non-Cumulative Preferred Stock, Series 1		$0.39989		February 15			February 28
Floating Rate Non-Cumulative Preferred Stock, Series 2		$0.40238		February 15			February 28
Floating Rate Non-Cumulative Preferred Stock, Series 4		$0.40877		February 15			February 28
Floating Rate Non-Cumulative Preferred Stock, Series 5		$0.39155		February 1			February 21
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA		$30.50		March 1			March 18
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD		$31.50		February 15			March 11
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, 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 18
4.250% Non-Cumulative Preferred Stock, Series QQ		$0.2656250		February 1			February 20
4.750% Non-Cumulative Preferred Stock, Series SS		$0.2968750		February 1				February 20

 

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 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 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 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:

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

Footnotes

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.

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SOURCE Bank of America Corporation

FAQ

What type of dividends has Bank of America Corporation declared for the first quarter of 2024?

Bank of America Corporation has declared regular cash dividends on the outstanding shares of preferred stock for the first quarter of 2024.

How often are dividend payments made for each series of preferred stock?

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.

Where is Bank of America Corporation stock listed?

Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).