Bank of America Declares Preferred Stock Dividends

October 8, 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:

Series of Preferred Stock            Dividend per Share
or Depositary Share1
          Record Date       Payment Date
Floating Rate
Non-Cumulative, Series E
  $0.25556   October 30   November 16
Floating Rate
Non-Cumulative, Series F
  $1,011.11111   November 30   December 15
Adjustable Rate
Non-Cumulative, Series G
  $1,011.11111   November 30   December 15
Fixed-to-Floating Rate
Non-Cumulative, Series U
  $26.00   November 15   December 1
Floating Rate Non-Cumulative
Preferred Stock, Series 1
  $0.18750   November 15   November 30
Floating Rate Non-Cumulative
Preferred Stock, Series 2
  $0.19167   November 15   November 30
Floating Rate Non-Cumulative
Preferred Stock, Series 4
  $0.25556   November 15   November 30
Floating Rate Non-Cumulative
Preferred Stock, Series 5
  $0.25556   November 1   November 23
6.000% Non-Cumulative
Preferred Stock, Series GG
  $0.375   November 1   November 16
Fixed-to-Floating Rate
Non-Cumulative Preferred
Stock, Series JJ
  $25.625   December 1   December 21
5.375% Non-Cumulative
Preferred Stock, Series KK
  $0.3359375   December 1   December 28
5.000% Non-Cumulative
Preferred Stock, Series LL
  $0.3125   December 1   December 17

 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 U and Series JJ, 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.


Investors may contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780

Jonathan G. 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)


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