Bank of America Declares Preferred Stock Dividends

Thursday, June 11, 2020 4:15 pm EDT

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
1
  Record Date   Payment Date
             
7.25% Non-Cumulative Perpetual
Convertible Preferred Stock, Series L
  $18.125   July 1   July 30
             
6.200% Non-Cumulative
Preferred Stock, Series CC
  $0.3875   July 1  

July 29

             
6.000% Non-Cumulative
Preferred Stock, Series EE
  $0.375   July 1   July 27
             
5.875% Non-Cumulative
Preferred Stock, Series HH
  $0.3671875   July 1   July 24
             
Fixed-to-Floating Rate Non-Cumulative
Preferred Stock, Series MM
  $21.9777778   July 1   July 28

 

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.

 

 

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 3,000 lending centers, 2,700 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,100 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 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 approximately 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 and register for news email alerts.

www.bankofamerica.com

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Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
lee.mcentire@bofa.com

Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112
jonathan.blum@bofa.com


Reporters May Contact:
Jerry Dubrowski, Bank of America, 1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com