Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2023

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Bank of America declares preferred stock dividends for fourth quarter 2023

Positive

• Bank of America Corporation has announced regular cash dividends on several series of preferred stock.
• Dividend payments will be made on a quarterly or semi-annual basis.
• The dividend amounts range from $0.2656250 to $1,534.62400 per share or depositary share.
• The record dates and payment dates vary for each series of preferred stock.

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• None.

CHARLOTTE, N.C., Oct. 16, 2023 /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			$0.38181				October 31				November 15
Floating Rate Non-Cumulative Preferred Stock, Series F			$1,534.62400				November 30				December 15
Adjustable Rate Non- Cumulative Preferred Stock, Series G			$1,534.62400				November 30				December 15
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series U			$22.26014				November 15				December 1
Floating Rate Non-Cumulative Preferred Stock, Series 1			$0.39997				November 15				November 28
Floating Rate Non-Cumulative Preferred Stock, Series 2			$0.40247				November 15				November 28
Floating Rate Non-Cumulative Preferred Stock, Series 4			$0.40886				November 15				November 28
Floating Rate Non-Cumulative Preferred Stock, Series 5			$0.39237				November 1				November 21
6.000% Non-Cumulative Preferred Stock, Series GG			$0.375				November 1				November 16
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series JJ			$25.625				December 1				December 20
5.375% Non-Cumulative Preferred Stock, Series KK			$0.3359375				December 1				December 26
5.000% Non-Cumulative Preferred Stock, Series LL			$0.3125				December 1				December 18
4.250% Non-Cumulative Preferred Stock, Series QQ			$0.2656250				November 1				November 17
4.750% Non-Cumulative Preferred Stock, Series SS			$0.2968750				November 1				November 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 JJ 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 68 million consumer and small business clients with approximately 3,900 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

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SOURCE Bank of America Corporation

FAQ

What did Bank of America announce?

Bank of America Corporation announced regular cash dividends on several series of preferred stock.

How often will dividend payments be made?

Dividend payments will be made on a quarterly or semi-annual basis.

What is the range of dividend amounts?

The dividend amounts range from $0.2656250 to $1,534.62400 per share or depositary share.

When are the record dates and payment dates for the dividends?

The record dates and payment dates vary for each series of preferred stock.