Bank of America Declares Preferred Stock Dividends

July 13, 2020 at 4:15 PM 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:

Preferred stock dividends
Series of Preferred Stock Dividend per Share or Depositary Share1 Record Date Payment Date
Floating Rate Non-Cumulative, Series E $0.25556 July 31 August 17
Floating Rate Non-Cumulative, Series F $1,022.22222 August 31 September 15
Adjustable Rate Non-Cumulative, Series G $1,022.22222 August 31 September 15
Fixed-to-Floating Rate Non-Cumulative, Series X $31.25 August 15 September 8
Floating Rate Non-Cumulative Preferred Stock, Series 1 $0.187500 August 15 August 28
Floating Rate Non-Cumulative Preferred Stock, Series 2 $0.19167 August 15 August 28
Floating Rate Non-Cumulative Preferred Stock, Series 4 $0.25556 August 15 August 28
Floating Rate Non-Cumulative Preferred Stock, Series 5 $0.25556 August 1 August 21
Fixed-to-Floating Rate Non-Cumulative, Series AA $30.50 September 1 September 17
Fixed-to-Floating Rate Non-Cumulative, Series DD $31.50 August 15 September 10
Fixed-to-Floating Rate Non-Cumulative, Series FF $29.375 September 1 September 15
6.000% Non-Cumulative Preferred Stock, Series GG $0.375 August 1 August 17
5.375% Non-Cumulative Preferred Stock, Series KK $0.3359375 September 1 September 25
5.000% Non-Cumulative Preferred Stock, Series LL $0.3125 September 1 September 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 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.


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:

Jerry Dubrowski, Bank of America
Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)


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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