Bank of America Declares Preferred Stock Dividends

September 18, 2018 at 9:00 AM Eastern

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 Share1       


Record Date  


Payment Date 

7.25% Non-Cumulative
Perpetual Convertible
Preferred Stock, Series L




October 1


October 30

6.500% Non-Cumulative
Preferred Stock, Series Y




October 1


October 29

Fixed-to-Floating Rate
Non-Cumulative Preferred
Stock, Series Z




October 1


October 23

6.200% Non-Cumulative
Preferred Stock, Series CC




October 1


October 29

6.000% Non-Cumulative
Preferred Stock, Series EE




October 1


October 25

5.875% Non-Cumulative
Preferred Stock, Series HH




October 1


October 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 67 million consumer and small business clients with approximately 4,400 retail financial centers, including more than 1,700 lending centers, more than 1,900 Merrill Edge investment centers and more than 1,300 business centers; approximately 16,100 ATMs; and award-winning digital banking with more than 36 million active users, including 25 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.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom. Register for news email alerts.


Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780

Jonathan Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112

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


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