Bank of America Declares Second-Quarter 2023 Stock Dividends

Rhea-AI Summary

Bank of America Corporation has declared a quarterly cash dividend of $0.22 per share on its common stock, scheduled for payment on June 30, 2023, for shareholders of record as of June 2, 2023. Additionally, a dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, will be paid on July 25, 2023, to those on record as of July 11, 2023. This reflects the company's ongoing commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.22 per share signifies ongoing shareholder value return.
• Strong financial performance indicated by additional dividend on preferred stock, reinforcing investor confidence.

Negative

• None.

CHARLOTTE, N.C., April 26, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.22 per share, payable on June 30, 2023 to shareholders of record as of June 2, 2023.

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, 2023 to shareholders of record as of July 11, 2023.

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 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 56 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 more than 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 news email alerts.

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:
Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com

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 declared by Bank of America for Q2 2023?

Bank of America declared a dividend of $0.22 per share on common stock for Q2 2023.

When will Bank of America pay the declared dividend for common stock?

The dividend will be paid on June 30, 2023, to shareholders of record as of June 2, 2023.

Is there a dividend for preferred stock declared by Bank of America?

Yes, Bank of America declared a dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B.

When is the preferred stock dividend payment date?

The preferred stock dividend is payable on July 25, 2023, to shareholders of record as of July 11, 2023.

How often does Bank of America declare dividends?

Bank of America typically declares dividends quarterly.