Bank of America Declares Preferred Stock Dividends for Third Quarter 2023
July 14, 2023 at 4:15 PM Eastern
CHARLOTTE, NC ‒ 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 Share 1 | Record Date | Payment Date |
|---|---|---|---|
| Floating Rate Non-Cumulative Preferred Stock, Series E | $0.36230 | July 31 | August 15 |
| Floating Rate Non-Cumulative Preferred Stock, Series F | $1,521.06667 | August 31 | September 15 |
| Adjustable Rate Non-Cumulative Preferred Stock, Series G | $1,521.06667 | August 31 | September 15 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U | $22.05700 | August 15 | September 1 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X | $31.25 | August 15 | September 5 |
| Floating Rate Non-Cumulative Preferred Stock, Series 1 | $0.3883 | August 15 | August 29 |
| Floating Rate Non-Cumulative Preferred Stock, Series 2 | $0.39056 | August 15 | August 29 |
| Floating Rate Non-Cumulative Preferred Stock, Series 4 | $0.39695 | August 15 | August 29 |
| Floating Rate Non-Cumulative Preferred Stock, Series 5 | $0.37561 | August 1 | August 21 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA | $30.50 | September 1 | September 18 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD | $31.50 | August 15 | September 11 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF | $29.375 | September 1 | September 15 |
| 6.000% Non-Cumulative Preferred Stock, Series GG | $0.375 | August 1 | August 16 |
| 5.375% Non-Cumulative Preferred Stock, Series KK | $0.3359375 | September 1 | September 25 |
| 5.000% Non-Cumulative Preferred Stock, Series LL | $0.3125 | September 1 | September 18 |
| 4.250% Non-Cumulative Preferred Stock, Series QQ | $0.2656250 | August 1 | August 17 |
| 4.750% Non-Cumulative Preferred Stock, Series SS | $0.2968750 | August 1 | August 17 |
NOTE: The dividend amount for the,
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 (automated teller machines) 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 is listed on the New York Stock Exchange (NYSE: BAC).
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
Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com
1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series X, Series AA, Series DD, and Series FF for which dividends are paid on a semi-annual basis.
July 14, 2023 at 4:15 PM Eastern
Bank of America Declares Preferred Stock Dividends for Third Quarter 2023
CHARLOTTE, NC ‒ 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 Share 1 | Record Date | Payment Date |
|---|---|---|---|
| Floating Rate Non-Cumulative Preferred Stock, Series E | $0.36230 | July 31 | August 15 |
| Floating Rate Non-Cumulative Preferred Stock, Series F | $1,521.06667 | August 31 | September 15 |
| Adjustable Rate Non-Cumulative Preferred Stock, Series G | $1,521.06667 | August 31 | September 15 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U | $22.05700 | August 15 | September 1 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X | $31.25 | August 15 | September 5 |
| Floating Rate Non-Cumulative Preferred Stock, Series 1 | $0.3883 | August 15 | August 29 |
| Floating Rate Non-Cumulative Preferred Stock, Series 2 | $0.39056 | August 15 | August 29 |
| Floating Rate Non-Cumulative Preferred Stock, Series 4 | $0.39695 | August 15 | August 29 |
| Floating Rate Non-Cumulative Preferred Stock, Series 5 | $0.37561 | August 1 | August 21 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA | $30.50 | September 1 | September 18 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD | $31.50 | August 15 | September 11 |
| Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF | $29.375 | September 1 | September 15 |
| 6.000% Non-Cumulative Preferred Stock, Series GG | $0.375 | August 1 | August 16 |
| 5.375% Non-Cumulative Preferred Stock, Series KK | $0.3359375 | September 1 | September 25 |
| 5.000% Non-Cumulative Preferred Stock, Series LL | $0.3125 | September 1 | September 18 |
| 4.250% Non-Cumulative Preferred Stock, Series QQ | $0.2656250 | August 1 | August 17 |
| 4.750% Non-Cumulative Preferred Stock, Series SS | $0.2968750 | August 1 | August 17 |
NOTE: The dividend amount for the,
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 (automated teller machines) 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 is listed on the New York Stock Exchange (NYSE: BAC).
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
Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com
1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series X, Series AA, Series DD, and Series FF for which dividends are paid on a semi-annual basis.
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