Bank of America Increases Common Stock Dividend 17 Percent

Rhea-AI Summary

Bank of America Corporation announced a quarterly cash dividend of $0.21 per share on its common stock, reflecting a 17% increase from the previous quarter. This dividend will be payable on September 24, 2021, to shareholders on record as of September 3, 2021.

Additionally, a cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, was declared, payable on October 25, 2021, to shareholders on record as of October 15, 2021.

Positive

• Quarterly cash dividend increased by 17% to $0.21 per share.
• Dividend payout reflects company confidence in financial performance.

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 $0.21 per share, up 17 percent from the prior quarter. The dividend is payable on September 24, 2021 to shareholders of record as of September 3, 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 October 25, 2021 to shareholders of record as of October 15, 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, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 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/20210721005800/en/

FAQ

What is the dividend amount announced by Bank of America (BAC)?

The announced dividend amount is $0.21 per share for common stock.

When will Bank of America (BAC) pay its quarterly cash dividend?

The dividend is payable on September 24, 2021.

What is the increase percentage in Bank of America's (BAC) dividend?

The dividend increased by 17% from the previous quarter.

What is the payment date for the preferred stock dividend of Bank of America (BAC)?

The preferred stock dividend will be paid on October 25, 2021.