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Bank of America Declares Quarterly Stock Dividends

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Bank of America announced a quarterly cash dividend of $0.18 per share on common stock, payable on December 24, 2020, to shareholders of record as of December 4, 2020. A dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, will be paid on January 25, 2021, to shareholders of record as of January 11, 2021. Bank of America continues to serve approximately 66 million clients, offering a comprehensive range of financial services across the United States and globally.

Positive
  • Quarterly cash dividend of $0.18 per share enhances shareholder return.
  • Continues to serve approximately 66 million clients, indicating strong market presence.
Negative
  • None.

CHARLOTTE, N.C.--()--Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.18 per share, payable on December 24, 2020 to shareholders of record as of December 4, 2020.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on January 25, 2021 to shareholders of record as of January 11, 2021.

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 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 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 owners 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.

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

Contacts

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:
Jerry Dubrowski, Bank of America
Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com

FAQ

What is the dividend amount for Bank of America in December 2020?

The dividend amount is $0.18 per share for common stock.

When will the dividend be paid to shareholders?

The dividend will be payable on December 24, 2020.

What is the record date for the Bank of America dividend?

The record date for the dividend is December 4, 2020.

What is the dividend for Bank of America's preferred stock?

The dividend for the 7% Cumulative Redeemable Preferred Stock, Series B, is $1.75 per share.

When is the preferred stock dividend payment date?

The payment date for the preferred stock dividend is January 25, 2021.

Bank of America Corporation

NYSE:BAC

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