Bank of America Declares Preferred Stock Dividends for Second Quarter 2022

April 8, 2022 at 4:15 PM Eastern

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: 

Preferred stock dividends
Series of Preferred Stock Dividend per Share or Depositary Share1 Record Date Payment Date
Floating Rate Non-Cumulative, Series E $0.24722 April 29 May 16
Floating Rate Non-Cumulative, Series F $1,022.22222 May 31 June 15
Adjustable Rate Non-Cumulative, Series G $1,022.22222 May 31 June 15
Fixed-to-Floating Rate Non-Cumulative, Series U $26.00 May 15 June 1
Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.1875 May 15 May 31
Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.18542 May 15 May 31
Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.24722 May 15 May 31
Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.24722 May 1 May 23
6.000% Non-Cumulative Preferred Stock, Series GG $0.375 May 1 May 16
Fixed-to-Floating Rate Non-Cumulative, Series JJ $25.625 June 1 June 21
5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 June 1 June 27
5.000% Non-Cumulative Preferred Stock, Series LL $0.3125 June 1 June 17
4.250% Non-Cumulative Preferred Stock, Series QQ $0.2656250 May 1 May 17
4.750% Non-Cumulative Preferred Stock, Series SS $0.3529514 May 1 May 17

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 67 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with more than 54 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 approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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Investors May Contact:

Lee McEntire, Bank of America
Phone:  1.980.388.6780

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112

Reporters May Contact:

Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794

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 U and Series JJ, for which dividends are paid on a semi-annual basis.

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