Bank of America Announces Preferred Stock Dividends for April and May 2026

On March 12, 2026, Bank of America Corporation made a notable announcement regarding its preferred stock dividends. The Board of Directors has formally authorized the payment of regular cash dividends on the existing shares of its designated series of preferred stock. This financial update is essential for investors and stakeholders looking to engage with the bank's offerings.

The following series of preferred stock will feature dividends as described:
  • - 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L:
- Dividend per Share: $18.1250000
- Record Date: April 1
- Payment Date: April 30
  • - 5.875% Non-Cumulative Preferred Stock, Series HH:
- Dividend per Share: $0.3671875
- Record Date: April 1
- Payment Date: April 24
  • - 4.375% Non-Cumulative Preferred Stock, Series NN:
- Dividend per Share: $0.2734375
- Record Date: April 15
- Payment Date: May 4
  • - 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO:
- Dividend per Share: $16.5625000
- Record Date: April 15
- Payment Date: May 1
  • - 4.125% Non-Cumulative Preferred Stock, Series PP:
- Dividend per Share: $0.2578125
- Record Date: April 15
- Payment Date: May 4
  • - 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR:
- Dividend per Share: $10.9375000
- Record Date: April 1
- Payment Date: April 27
  • - 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT:
- Dividend per Share: $15.3125000
- Record Date: April 1
- Payment Date: April 27
  • - 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU:
- Dividend per Share: $15.6250000
- Record Date: April 1
- Payment Date: April 27

These dividends reflect Bank of America's commitment to providing value to its preferred shareholders. Following the record dates listed above, the payments will be available on the corresponding payment dates, offering investors a reliable return on their investments.

Bank of America continues to be a leading financial institution, delivering comprehensive services to individual consumers and businesses alike. The bank serves approximately 70 million customers across its extensive network of financial centers, ATMs, and through its award-winning digital platform. Investing in preferred stock remains a popular choice for many, as it often provides more stability and predictable income streams compared to common stock.

For those interested in upcoming dividend announcements and other key updates, Bank of America has an accessible newsroom where interested parties can subscribe for notifications. Shareholders and potential investors are encouraged to keep an eye on the company's announcements to stay informed about their investments, particularly as these dividends approach.

Overall, this recent dividend declaration marks yet another step in Bank of America's commitment to shareholders and emphasizes the institution's robust financial foundation.

Topics Financial Services & Investing)

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