#USA #Charlotte #dividends #Preferred Stock #Bank of America

On July 18, 2025, Bank of America Corporation unveiled important financial updates by announcing the Board of Directors' decision to authorize regular cash dividends on its preferred stock series. This strategic move underscores the bank's dedication to returning value to its shareholders.

In a move that is likely to be well-received by investors, Bank of America will distribute dividends across several series of preferred stock. Below is a detailed breakdown of the dividends scheduled for payment in August and September 2025:

1. Floating Rate Non-Cumulative Preferred Stock, Series E
- Dividend per Share: $0.31548
- Record Date: July 31
- Payment Date: August 15

2. Floating Rate Non-Cumulative Preferred Stock, Series F
- Dividend per Share: $1,272.68711
- Record Date: August 29
- Payment Date: September 15

3. Adjustable Rate Non-Cumulative Preferred Stock, Series G
- Dividend per Share: $1,272.68711
- Record Date: August 29
- Payment Date: September 15

4. Floating Rate Non-Cumulative Preferred Stock, Series 1
- Dividend per Share: $0.33385
- Record Date: August 15
- Payment Date: August 28

5. Floating Rate Non-Cumulative Preferred Stock, Series 2
- Dividend per Share: $0.33488
- Record Date: August 15
- Payment Date: August 28

6. Floating Rate Non-Cumulative Preferred Stock, Series 4
- Dividend per Share: $0.34127
- Record Date: August 15
- Payment Date: August 28

7. Floating Rate Non-Cumulative Preferred Stock, Series 5
- Dividend per Share: $0.32475
- Record Date: August 1
- Payment Date: August 21

8. Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD
- Dividend per Share: $31.50000
- Record Date: August 15
- Payment Date: September 10

9. Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF
- Dividend per Share: $29.3750000
- Record Date: September 1
- Payment Date: September 15

10. 6.000% Non-Cumulative Preferred Stock, Series GG
- Dividend per Share: $0.3750000
- Record Date: August 1
- Payment Date: August 18

11. 5.375% Non-Cumulative Preferred Stock, Series KK
- Dividend per Share: $0.3359375
- Record Date: September 1
- Payment Date: September 25

12. 5.000% Non-Cumulative Preferred Stock, Series LL
- Dividend per Share: $0.3125000
- Record Date: September 1
- Payment Date: September 17

13. 4.250% Non-Cumulative Preferred Stock, Series QQ
- Dividend per Share: $0.2656250
- Record Date: August 1
- Payment Date: August 18

14. 4.750% Non-Cumulative Preferred Stock, Series SS
- Dividend per Share: $0.2968750
- Record Date: August 1
- Payment Date: August 18

It's worth noting that each series of preferred stock, apart from Series F and G, is represented by depositary shares, ensuring streamlined transactions for investors. Dividends for the preferred stock series are typically paid quarterly, except for the Series DD and FF, which offer semi-annual payments.

Bank of America continues to demonstrate its resilience and commitment to its investors, offering a full range of products and services to individual consumers, businesses, and institutions. With approximately 69 million clients and access to nearly 3,700 retail financial centers, the bank remains positioned as a global leader in financial services, ensuring that its preferred shareholders receive timely returns.

Investors looking to stay updated on further announcements, including future dividend declarations, are encouraged to visit the Bank of America newsroom for the latest news and alerts.

This announcement reflects Bank of America's ongoing strategy to enhance shareholder value and to maintain robust financial performance in an ever-evolving market.