Bank of America Declares Preferred Stock Dividends
Bank of America has announced cash dividends for various series of preferred stock, with notable amounts including $18.125 for Series L, $32.500 for Series Z, and $0.375 for Series EE. The record date for these dividends is April 1, with payment dates ranging from April 23 to May 3. These dividends reflect the company's ongoing commitment to shareholder returns. Bank of America serves around 66 million consumers and small businesses, maintaining a robust retail presence with over 4,300 locations.
- Announcement of cash dividends shows confidence in financial health.
- Dividends for Series L and Series Z are relatively high, indicating good returns for shareholders.
- 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 |
||||||
|
|
|
|
||||||
Perpetual Convertible Preferred Stock, Series L |
|
April 1 |
April 30 |
||||||
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z |
|
April 1 |
April 23 |
||||||
Preferred Stock, Series EE |
|
April 1 |
April 26 |
||||||
Preferred Stock, Series HH |
|
April 1 |
April 26 |
||||||
Preferred Stock, Series NN |
|
April 15 |
May 3 |
||||||
Preferred Stock, Series PP |
|
April 15 |
May 3 |
1 Each series of preferred stock, other than Series L, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series Z, 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 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 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.
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