Bank of America Declares Preferred Stock Dividends for Second Quarter 2024

April 8, 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:

Q2 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 $0.36991 April 30 May 15
Floating Rate Non-Cumulative Preferred Stock, Series F $1,531.00267 May 31 June 17
Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,531.00267 May 31 June 17
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U $22.81552 May 15 June 3
Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.39684 May 15 May 28
Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.39059 May 15 May 28
Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.39684 May 15 May 28
Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.37973 May 1 May 21
6.000% Non-Cumulative Preferred Stock, Series GG $0.3750000 May 1 May 16
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ $25.6250000 June 1 June 20
5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 June 1 June 25
5.000% Non-Cumulative Preferred Stock, Series LL $0.3125000 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 $0.2968750 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 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:

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

April 8, 2024 at 4:15 PM Eastern

Bank of America Declares Preferred Stock Dividends for Second Quarter 2024

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:

Q2 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 $0.36991 April 30 May 15
Floating Rate Non-Cumulative Preferred Stock, Series F $1,531.00267 May 31 June 17
Adjustable Rate Non-Cumulative Preferred Stock, Series G $1,531.00267 May 31 June 17
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U $22.81552 May 15 June 3
Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.39684 May 15 May 28
Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.39059 May 15 May 28
Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.39684 May 15 May 28
Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.37973 May 1 May 21
6.000% Non-Cumulative Preferred Stock, Series GG $0.3750000 May 1 May 16
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ $25.6250000 June 1 June 20
5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 June 1 June 25
5.000% Non-Cumulative Preferred Stock, Series LL $0.3125000 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 $0.2968750 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 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:

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

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