Bank of America Declares Preferred Stock Dividends

Rhea-AI Summary

Bank of America Corporation has announced regular cash dividends for its preferred stock series, including Floating Rate Non-Cumulative Series E at $0.25556 per share, payable on November 16, with a record date of October 30. Other series include Series F and G with dividends of $1,011.11111, Series U at $26.00, and several others with varying amounts. These dividends reflect the company's ongoing commitment to returning value to shareholders. Overall, the dividends are scheduled for payment between November 30 and December 28, enhancing liquidity for investors.

Positive

• Regular cash dividends reaffirming Bank of America's commitment to shareholder returns.
• Diverse range of preferred stock providing options for investors.

Negative

• None.

CHARLOTTE, N.C.--(BUSINESS WIRE)--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		October 30		November 16
Floating Rate Non-Cumulative, Series F		$1,011.11111		November 30		December 15
Adjustable Rate Non-Cumulative, Series G		$1,011.11111		November 30		December 15
Fixed-to-Floating Rate Non-Cumulative, Series U		$26.00		November 15		December 1
Floating Rate Non-Cumulative Preferred Stock, Series 1		$0.18750		November 15		November 30
Floating Rate Non-Cumulative Preferred Stock, Series 2		$0.19167		November 15		November 30
Floating Rate Non-Cumulative Preferred Stock, Series 4		$0.25556		November 15		November 30
Floating Rate Non-Cumulative Preferred Stock, Series 5		$0.25556		November 1		November 23
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 21
5.375% Non-Cumulative Preferred Stock, Series KK		$0.3359375		December 1		December 28
5.000% Non-Cumulative Preferred Stock, Series LL		$0.3125		December 1		December 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 U and 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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 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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www.bankofamerica.com