CHARLOTTE, N.C., Dec. 15,
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
|
January 1
|
January 30
|
|
|
|
|
|
5.875% Non-Cumulative
Preferred Stock, Series HH
|
$0.3671875
|
January 1
|
January 24
|
|
|
|
|
|
Fixed-to-Floating Rate
Non-Cumulative Preferred Stock, Series MM
|
$21.50
|
January 1
|
January
29
|
|
|
|
|
|
4.375% Non-Cumulative
Preferred Stock, Series NN
|
$0.2734375
|
January 15
|
February 5
|
|
|
|
|
|
4.125% Non-Cumulative
Preferred Stock, Series PP
|
$0.2578125
|
January 15
|
February 2
|
|
|
|
|
|
4.375% Fixed-Rate Reset
Non-Cumulative Preferred Stock, Series RR
|
$10.9375000
|
January 1
|
January 29
|
|
|
|
|
|
6.125% Fixed-Rate Reset
Non-Cumulative Preferred Stock, Series TT
|
$15.3125000
|
January 1
|
January 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 3,900 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.
www.bankofamerica.com
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
Christopher P. Feeney, Bank of
America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation