Bank of America Declares Second-Quarter 2022 Stock Dividends

Rhea-AI Summary

Bank of America Corporation announced a quarterly cash dividend of $0.21 per share on common stock, payable on June 24, 2022, to shareholders of record as of June 3, 2022. Additionally, a dividend of $1.75 per share was declared on 7% Cumulative Redeemable Preferred Stock, Series B, payable on July 25, 2022, to shareholders of record as of July 8, 2022. The bank serves approximately 67 million clients with a comprehensive range of financial services, showcasing strong operational capacity across the U.S. and 35 countries.

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• Quarterly common stock dividend of $0.21 per share
• Preferred stock dividend of $1.75 per share
• Serves approximately 67 million clients
• Extensive operational network with 4,100 retail centers and 16,000 ATMs

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• None.

CHARLOTTE, N.C., April 27, 2022 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.21 per share, payable on June 24, 2022 to shareholders of record as of June 3, 2022.

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 25, 2022 to shareholders of record as of July 8, 2022.

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 67 million consumer and small business clients with approximately 4,100 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 54 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 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

Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com

Reporters May Contact:
Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794
christopher.feeney@bofa.com

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SOURCE Bank of America Corporation

FAQ

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

The dividend amount for Bank of America common stock is $0.21 per share.

When will the Bank of America dividend be paid?

The Bank of America dividend will be paid on June 24, 2022.

What is the record date for Bank of America's common stock dividend?

The record date for Bank of America's common stock dividend is June 3, 2022.

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

The dividend amount for Bank of America's Series B preferred stock is $1.75 per share.

When is the payment date for the preferred stock dividend?

The payment date for the preferred stock dividend is July 25, 2022.

What is the record date for the preferred stock dividend?

The record date for the preferred stock dividend is July 8, 2022.