Bank of America Declares Quarterly Stock Dividends

Rhea-AI Summary

Bank of America Corporation has declared a $0.18 per share quarterly cash dividend on its common stock, payable on June 25, 2021, to shareholders of record as of June 4, 2021. Additionally, the Board announced a $1.75 quarterly dividend on its 7% Cumulative Redeemable Preferred Stock, Series B, payable on July 23, 2021, to shareholders of record by July 9, 2021. This move demonstrates the bank's ongoing commitment to returning capital to shareholders while maintaining a strong presence in the financial sector.

Positive

• Quarterly cash dividend of $0.18 per share on common stock.
• Quarterly cash dividend of $1.75 per share on 7% Cumulative Redeemable Preferred Stock.

Negative

• None.

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 June 25, 2021 to shareholders of record as of June 4, 2021.

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 July 23, 2021 to shareholders of record as of July 9, 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 2,700 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 40 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.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210422006031/en/

FAQ

What is the dividend amount for Bank of America common stock?

Bank of America has declared a quarterly cash dividend of $0.18 per share.

When will the dividend be paid for Bank of America common stock?

The dividend will be payable on June 25, 2021, to shareholders of record as of June 4, 2021.

What is the dividend amount for Bank of America's Series B Preferred Stock?

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

When is the payment date for Bank of America's Series B Preferred Stock dividend?

The Series B Preferred Stock dividend will be paid on July 23, 2021, to shareholders of record as of July 9, 2021.