CHARLOTTE, N.C., June 12, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:
|
Series of Preferred Stock
|
Dividend per Share
or Depositary Share1
|
Record Date
|
Payment Date
|
|
|
|
|
|
7.25% Non-Cumulative
Perpetual Convertible
Preferred Stock, Series L
|
$18.125
|
July 1
|
July 31
|
|
5.875% Non-Cumulative
Preferred Stock, Series HH
|
$0.3671875
|
July 1
|
July 24
|
|
|
|
|
|
Fixed-to-Floating Rate
Non-Cumulative Preferred
Stock, Series MM
|
$21.50
|
July 1
|
July 28
|
|
|
|
|
|
4.375% Non-Cumulative
Preferred Stock, Series NN
|
$0.2734375
|
July 15
|
August 3
|
|
|
|
|
|
4.125% Non-Cumulative
Preferred Stock, Series PP
|
$0.2578125
|
July 15
|
August 2
|
|
|
|
|
|
4.375% Fixed-Rate Reset
Non-Cumulative Preferred
Stock, Series RR
|
$10.9375000
|
July 1
|
July 27
|
|
|
|
|
|
6.125% Fixed-Rate Reset
Non-Cumulative Preferred
Stock, Series TT
|
$15.3125000
|
July 1
|
July 27
|
1 Each series of preferred stock, other than Series L, is represented by depositary shares.
Dividend payments are made on a quarterly basis for each series of preferred stock, other than
Series MM, for which dividends are paid on a semi-annual basis.
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-third-quarter-2023-preferred-stock-dividends-301848648.html
SOURCE Bank of America Corporation
