Bank of America Declares First Quarter 2024 Preferred Stock Dividends

December 15, 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:

Q1 2024 Preferred stock dividends
Series of Preferred Stock Dividend per Share or Depositary Share 1 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

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 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).

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:

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

Footnotes

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.

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