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:

Q3 2023 Preferred stock dividends
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,

  • Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, was corrected on August 7, 2023. The corrected regular quarterly cash dividend is $22.05700 per depositary share, payable on September 1, 2023 to shareholders of record as of August 15, 2023. Read press release.
  • Floating Rate Non-Cumulative Preferred Stock, Series F and the Adjustable Rate Non-Cumulative Preferred Stock, Series G, was corrected on September 18, 2023. The corrected regular quarterly cash dividend is $1,521.06667 per share of Series F and $1,521.06667 per share of Series G. The cash dividends were payable on September 15, 2023 to shareholders of record as of August 31, 2023. Read press release.

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 (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).

 

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:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

Footnotes

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:

Q3 2023 Preferred stock dividends
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,

  • Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, was corrected on August 7, 2023. The corrected regular quarterly cash dividend is $22.05700 per depositary share, payable on September 1, 2023 to shareholders of record as of August 15, 2023. Read press release.
  • Floating Rate Non-Cumulative Preferred Stock, Series F and the Adjustable Rate Non-Cumulative Preferred Stock, Series G, was corrected on September 18, 2023. The corrected regular quarterly cash dividend is $1,521.06667 per share of Series F and $1,521.06667 per share of Series G. The cash dividends were payable on September 15, 2023 to shareholders of record as of August 31, 2023. Read press release.

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 (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).

 

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:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

Footnotes

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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