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Bank of America Announces Preferred Stock Dividends for Q1 2025

In a significant move for investors, Bank of America Corporation has made an announcement regarding the declaration of cash dividends on several series of preferred stocks for the first quarter of 2025. The decision, authorized by the company's Board of Directors, reflects the institution's commitment to providing returns to its shareholders and maintaining a robust capital structure.

The details of the preferred stock dividends are as follows:

• - Series L (7.25% Non-Cumulative Perpetual Convertible Preferred Stock): Holders will receive $18.125 per share, with a record date of January 1 and a payment date set for January 30.
• - Series HH (5.875% Non-Cumulative Preferred Stock): Investors can expect $0.3671875 per share, with the same record date of January 1 and payment date of January 24.
• - Series MM (Fixed-to-Floating Rate Non-Cumulative Preferred Stock): This series will see a dividend of $21.50, with both record and payment dates on January 1 and January 28, respectively.
• - Series NN (4.375% Non-Cumulative Preferred Stock): This stock promises a dividend of $0.2734375 per share, with a record date of January 15 and payments scheduled for February 3.
• - Series PP (4.125% Non-Cumulative Preferred Stock): Shareholders will be granted $0.2578125 per share, with the same record and payment dates as Series NN.
• - Series RR (4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock): This series will provide a dividend of $10.9375000, with payments on January 27 after a record date of January 1.
• - Series TT (6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock): Investors will receive $15.3125000 per share, with both record and payment dates also aligned for January 27.

It's important to note that each series, except for Series L, is represented by depositary shares. Additionally, dividends for the preferred stocks are issued on a quarterly basis, except for Series MM which has a semi-annual payment schedule. This structured approach to dividend payment showcases Bank of America's strategic management of investor relations and their emphasis on delivering value.

Bank of America stands as one of the foremost financial institutions globally. With a mission dedicated to serving a diverse range of clients—including individual consumers, small and medium-sized businesses, and large corporations—the bank offers an extensive array of banking, investment, asset management, and risk management products and services.

Last year, the bank achieved outstanding customer engagement by providing seamless banking solutions through approximately 69 million clients supported by about 3,700 retail centers and 15,000 ATMs across the United States. Furthermore, with around 58 million verified digital users, Bank of America's digital banking services have received widespread acclaim for their convenience and reliability.

By focusing on maintaining a strong financial position and delivering consistent dividends, Bank of America reinforces investor confidence while also leading in various sectors such as wealth management and corporate and investment banking. The company's global reach extends to over 35 countries, emphasizing its capability to support diverse financial needs on an international scale.

For more updates related to financial performance, including further dividend announcements, stakeholders can visit the Bank of America newsroom and register for email alerts to keep abreast of important developments.

This recent announcement undoubtedly positions Bank of America as a stable player in the financial sector, providing its investors with assurance and continued confidence in their holdings as they navigate through uncertain market conditions.