Bank of America Declares Preferred Stock Dividends

Friday, September 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   October 1   October 30
             
Fixed-to-Floating Rate Non-Cumulative
Preferred Stock, Series Z
  $32.500   October 1   October 23
             
6.200% Non-Cumulative
Preferred Stock, Series CC
  $0.3875   October 1   October 29
             
6.000% Non-Cumulative
Preferred Stock, Series EE
  $0.375   October 1   October 26
             
5.875% Non-Cumulative
Preferred Stock, Series HH
  $0.3671875   October 1   October 26

 

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 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 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 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 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 email news 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