CHARLOTTE, N.C., June 12,
2024 /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 30
|
|
|
|
|
|
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 29
|
|
|
|
|
|
4.375%
Non-Cumulative
Preferred Stock, Series NN
|
$0.2734375
|
July 15
|
August 5
|
|
|
|
|
|
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 29
|
|
|
|
|
|
6.125% Fixed-Rate Reset
Non-Cumulative
Preferred Stock, Series TT
|
$15.3125000
|
July 1
|
July 29
|
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 69 million consumer and small business clients with
approximately 3,800 retail financial centers, approximately 15,000
ATMs (automated teller machines) and award-winning digital banking
with approximately 57 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 4 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 is listed on the New York Stock Exchange
(NYSE: BAC).
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 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-third-quarter-2024-preferred-stock-dividends-302171030.html
SOURCE Bank of America Corporation
