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Bank of America Announces Dividend Payments for Preferred Stocks

Bank of America Corporation has made an important announcement regarding its preferred stock. The Board of Directors has authorized regular cash dividends for various outstanding shares, designed to provide returns to investors and reinforce their commitment to shareholder value. These dividends will be executed in July and August of 2025, marking significant dates for investors who are holders of these specific series of preferred stock.

Dividend Details

The following series of preferred stock will receive cash dividends as outlined:

• - 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L: Shareholders will receive $18.1250000 per share, with a record date of July 1 and payment scheduled for July 30.
• - 5.875% Non-Cumulative Preferred Stock, Series HH: This series will offer $0.3671875 per share, with a record date of July 1 and payment date of July 24.
• - 4.375% Non-Cumulative Preferred Stock, Series NN: Set to pay $0.2734375 per share with a record date of July 15 and payment on August 4.
• - 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO: Shareholders can expect $16.9305556 per share, record date July 15, with a payment on August 1.
• - 4.125% Non-Cumulative Preferred Stock, Series PP: This series will pay out $0.2578125 per share, with a record date of July 15 and payment date set for August 4.
• - 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR: A dividend of $10.9375000 per share, with a record date of July 1 and payment date on July 28.
• - 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT: Shareholders will receive $15.3125000 per share, on the same record and payment dates as Series RR.

Each series, except for Series L, is represented by depositary shares, ensuring that shareholders maintain consistency in their investments.

Bank of America's Market Position

Bank of America stands as a leading financial institution globally, offering an extensive range of banking and financial services. With services catered to individual consumers, small and medium-sized businesses, as well as large corporations, they provide an unparalleled banking experience across the United States. The company currently serves around 69 million clients, showcasing their expansive reach through roughly 3,700 retail financial centers and a network of over 15,000 ATMs.

Furthermore, Bank of America has gained recognition in the realm of digital banking, with a user base of approximately 59 million verified digital users, emphasizing the importance of technology in modern banking practices.

A Commitment to Shareholders

The declaration of these dividends illustrates Bank of America’s ongoing commitment to enhancing shareholder value through continuous financial returns. As global economic trends continue to evolve, the institution remains steadfast in its financial strategies, prioritizing both its corporate responsibilities and the expectations of its shareholders.

The news surrounding these dividends is likely to attract interest from both potential investors seeking stability and existing shareholders wanting to understand the performance of their investments. With these clear and structured announcements, Bank of America underpins its commitment to maintaining transparent communication and strong investor relations.

Investors and market analysts alike will keep a close eye on these developments as the payment dates approach, reflecting on the broader implications for Bank of America’s future amidst a changing financial landscape.