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Bank of America Confirms Preferred Stock Dividends for Q1 2025

In a recent announcement, Bank of America Corporation disclosed its plan to distribute cash dividends on several series of preferred stock for the first quarter of 2025. This decision reflects the company's ongoing commitment to returning value to its shareholders, even as they navigate the complex landscape of the financial markets.

Detailed Dividend Payments

The Board of Directors has approved regular cash dividends, which are set to be disbursed on a variety of preferred stock series. Here’s a breakdown of the dividends for each series:

• - Floating Rate Non-Cumulative Preferred Stock, Series E: $0.32807, payable on February 18, with a record date of January 31.
• - Floating Rate Non-Cumulative Preferred Stock, Series F: $1,255.045, with a record date of February 28 and payment on March 17.
• - Floating Rate Non-Cumulative Preferred Stock, Series G: $1,255.045, also with a record date of February 28 and payment on March 17.
• - Floating Rate Non-Cumulative Preferred Stock, Series 1: $0.34535 to be paid out on February 28, after a record date of February 15.
• - Other Series: Additional series including Fixed-to-Floating Rate Non-Cumulative Preferred Stocks (Series AA, DD, and FF) also have specified payment amounts and dates.

Each series of preferred stock, except for Series F and Series G, will be represented by depositary shares, highlighting the structured nature of these financial instruments. Notably, dividends for the AA, DD, and FF series will occur on a semi-annual basis, which is different from the quarterly payments typical for the other series.

Bank of America's Market Position

Bank of America stands as one of the foremost financial institutions globally, providing a wide array of services to individual consumers, businesses, and large corporations alike. With approximately 69 million consumers and small business clients in the United States, the bank operates 3,700 retail financial centers and roughly 15,000 ATMs. Its digital banking platform further enhances convenience, boasting around 58 million verified digital users.

The bank also prides itself on a comprehensive suite of financial solutions ranging from wealth management to corporate investment banking, thereby maintaining a significant foothold in the global financial marketplace. With operations extending to more than 35 countries, Bank of America offers an extensive platform, serving diverse client needs across various sectors.

Given the current economic climate, consistent dividend payments may signal stability and trustworthiness. Investors typically view these dividends as an essential aspect of their earnings from stock ownership. As such, Bank of America's timely announcements and consistency in dividend distributions are closely watched by market analysts and investors alike.

Conclusion

As Bank of America proceeds into 2025, its commitment to providing consistent dividends on preferred stocks underscores its resilience and dedication to shareholder value. Investors and market watchers will undoubtedly keep an eye on these developments, as they offer insights into the bank’s operational health and strategic direction in the inherently volatile financial sector. The upcoming payment dates further encourage shareholders to stay engaged with their investments.

For more information on Bank of America’s dividend announcements and updates, investors are encouraged to visit the bank's newsroom and register for news alerts.