Bank of America Declares Preferred Stock Dividends for Second Quarter 2024

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Bank of America declares preferred stock dividends for the second quarter of 2024, showcasing a range of dividend amounts across various series of preferred stock. The company, a global financial institution, continues to provide banking, investing, and asset management services to millions of clients worldwide.

CHARLOTTE, N.C., April 8, 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		$0.36991		April 30			May 15
Floating Rate Non-Cumulative Preferred Stock, Series F		$1,531.00267		May 31			June 17
Adjustable Rate Non- Cumulative Preferred Stock, Series G		$1,531.00267		May 31			June 17
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series U		$22.81552		May 15			June 3
Floating Rate Non-Cumulative Preferred Stock, Series 1		$0.39684		May 15			May 28
Floating Rate Non-Cumulative Preferred Stock, Series 2		$0.39059		May 15			May 28
Floating Rate Non-Cumulative Preferred Stock, Series 4		$0.39684		May 15			May 28
Floating Rate Non-Cumulative Preferred Stock, Series 5		$0.37973		May 1			May 21
6.000% Non-Cumulative Preferred Stock, Series GG		$0.3750000		May 1			May 16
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series JJ		$25.6250000		June 1			June 20
5.375% Non-Cumulative Preferred Stock, Series KK		$0.3359375		June 1			June 25
5.000% Non-Cumulative Preferred Stock, Series LL		$0.3125000		June 1			June 17
4.250% Non-Cumulative Preferred Stock, Series QQ		$0.2656250		May 1			May 17
4.750% Non-Cumulative Preferred Stock, Series SS		$0.2968750		May 1			May 17

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 news email alerts.

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

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 U and Series JJ for which dividends are paid on a semi-annual basis.

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SOURCE Bank of America Corporation

FAQ

What is the dividend per share for Floating Rate Non-Cumulative Preferred Stock, Series E?

The dividend per share for Floating Rate Non-Cumulative Preferred Stock, Series E is $0.36991.

When is the record date for Floating Rate Non-Cumulative Preferred Stock, Series F?

The record date for Floating Rate Non-Cumulative Preferred Stock, Series F is May 31.

How many retail financial centers does Bank of America have in the United States?

Bank of America has approximately 3,800 retail financial centers in the United States.

Where is Bank of America stock listed?

Bank of America stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol BAC.

How many small business households does Bank of America support?

Bank of America supports approximately 4 million small business households with innovative online products and services.