Bank of America Declares Preferred Stock Dividends for First Quarter 2024

January 18, 2024 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
Floating Rate Non-Cumulative Preferred Stock, Series E $0.38278 January 31 February 15
Floating Rate Non-Cumulative Preferred Stock, Series F $1,528.35511 February 29 March 15
Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,528.35511 February 29 March 15
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U $22.17796 February 15 March 1
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X $31.25 February 15 March 5
Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.39989 February 15 February 28
Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.40238 February 15 February 28
Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.40877 February 15 February 28
Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.39155 February 1 February 21
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA $30.50 March 1 March 18
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD $31.50 February 15 March 11
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF $29.375 March 1 March 15
6.000% Non-Cumulative Preferred Stock, Series GG $0.375 February 1 February 16
5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 March 1 March 25
5.000% Non-Cumulative Preferred Stock, Series LL $0.3125 March 1 March 18
4.250% Non-Cumulative Preferred Stock, Series QQ $0.2656250 February 1 February 20
4.750% Non-Cumulative Preferred Stock, Series SS $0.2968750 February 1 February 20

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 3,800 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 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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