Bank of America Declares Preferred Stock Dividends

1 Each series of preferred stock, other than Series L, is represented by depositary shares.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, March 10, 2020
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Banking, Professional services, Financial markets, Finance, Financial economics, Equity securities, Stock market, Corporate finance, Preferred stock, Dividend, Stock, American depositary receipt, Dividend yield
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North Carolina, United States
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Summary
Key Points: 
  • 1 Each series of preferred stock, other than Series L, is represented by depositary shares.
  • Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series Z, for which dividends are paid on a semi-annual basis.
  • Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services.
  • Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.


Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:

 

Series of Preferred Stock

Dividend per Share

or Depositary Share1

Record Date

Payment Date

 

 

 

 

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L

$18.125

 

April 1

 

April 30

Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z

$32.500

 

April 1

 

April 23

6.200% Non-Cumulative Preferred Stock, Series CC

$0.3875

 

April 1

 

April 29

6.000% Non-Cumulative Preferred Stock, Series EE

$0.375

 

April 1

 

April 27

5.875% Non-Cumulative Preferred Stock, Series HH

$0.3671875

 

April 1

 

April 24

 

1 Each series of preferred stock, other than Series L, is represented by depositary shares.

Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series Z, for which dividends are paid on a semi-annual basis.

 

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,800 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 2,000 business centers; approximately 16,800 ATMs; and award-winning digital banking with approximately 38 million active users, including approximately 29 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

www.bankofamerica.com

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