Bank of America Declares Preferred Dividends

Friday, March 8, 2019 9:30 am EST

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:

Series of Preferred Stock      Dividend per Share
or Depositary Share
    Record Date        Payment Date 
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L   $18.125   April 1   April 30
6.500% Non-Cumulative Preferred Stock, Series Y   $0.40625   April 1  

April 29

Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z   $32.50   April 1   April 23
6.200% Non-Cumulative Preferred Stock, Series CC   $0.3875   April 1  

April 29

6.000% Non-Cumulative Preferred Stock, Series EE   $0.375   April 1  

April 25

5.875% Non-Cumulative Preferred Stock, Series HH   $0.3671875   April 1   April 24


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 Z, for which dividends are paid on a semi-annual basis.


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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 1,800 lending centers, 2,200 Merrill Edge investment centers and 1,500 business centers; approximately 16,300 ATMs; and award-winning digital banking with more than 36 million active users, including over 26 million mobile 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 owners 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 (NYSE: BAC) is listed on the New York Stock Exchange.

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Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112

Reporters May Contact:
Lawrence Grayson, Bank of America, 1.704.995.5825