Bank Announces Preferred Stock Dividends for Second Quarter of 2024
Bank of America Corporation recently announced that its Board of Directors has approved regular cash dividends on the outstanding shares or depositary shares of specific series of preferred stock. The dividends for the Floating Rate Non-Cumulative Preferred Stock, Series E, are set at [or_text model=”openai/gpt-3.5-turbo” prompt=”You are a news editor expand and Rewrite the following article, remove references to the source, make sure the generated article is well written, makes sense and is SEO enabled:
CHARLOTTE, N.C., April 8, 2024 /PRNewswire/ — 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 |
||||||
|
Floating Rate Non-Cumulative Preferred Stock, Series E |
$0.36991 |
April 30 |
May 15 |
||||||
|
Floating Rate Non-Cumulative Preferred Stock, Series F |
$1,531.00267 |
May 31 |
June 17 |
||||||
|
Adjustable Rate Non- Cumulative Preferred Stock, Series G |
$1,531.00267 |
May 31 |
June 17 |
||||||
|
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series U |
$22.81552 |
May 15 |
June 3 |
||||||
|
Floating Rate Non-Cumulative Preferred Stock, Series 1 |
$0.39684 |
May 15 |
May 28 |
||||||
|
Floating Rate Non-Cumulative Preferred Stock, Series 2 |
$0.39059 |
May 15 |
May 28 |
||||||
|
Floating Rate Non-Cumulative Preferred Stock, Series 4 |
$0.39684 |
May 15 |
May 28 |
||||||
|
Floating Rate Non-Cumulative Preferred Stock, Series 5 |
$0.37973 |
May 1 |
May 21 |
||||||
|
6.000% Non-Cumulative Preferred Stock, Series GG |
$0.3750000 |
May 1 |
May 16 |
||||||
|
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series JJ |
$25.6250000 |
June 1 |
June 20 |
||||||
|
5.375% Non-Cumulative Preferred Stock, Series KK |
$0.3359375 |
June 1 |
June 25 |
||||||
|
5.000% Non-Cumulative Preferred Stock, Series LL |
$0.3125000 |
June 1 |
June 17 |
||||||
|
4.250% Non-Cumulative Preferred Stock, Series QQ |
$0.2656250 |
May 1 |
May 17 |
||||||
|
4.750% Non-Cumulative Preferred Stock, Series SS |
$0.2968750 |
May 1 |
May 17 |
||||||
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 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital 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 4 million small business households 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 more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
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.
Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
Jonathan Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
Reporters may contact:
Bill Halldin, Bank of America
Phone: 1.916.724.0093
1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series U and Series JJ for which dividends are paid on a semi-annual basis.
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SOURCE Bank of America Corporation
“].36991 per share or depositary share, with a record date of April 30 and a payment date of May 15. For the Floating Rate Non-Cumulative Preferred Stock, Series F, the dividends amount to ,531.00267 per share, with the same record and payment dates.
Bank of America is a prominent financial institution with a vast reach in the United States, catering to about 69 million consumer and small business clients through numerous retail financial centers and ATMs. The corporation also offers digital banking services to approximately 57 million users. Moreover, Bank of America excels in wealth management, corporate and investment banking, and trading services, catering to clients globally across various asset classes. With operations in the U.S., its territories, and over 35 countries, Bank of America Corporation is listed on the New York Stock Exchange under BAC.
For more updates from Bank of America, including dividend declarations and essential news, interested parties can visit the Bank of America newsroom and sign up for email alerts. Investors looking to get in touch can contact Lee McEntire at 1.980.388.6780 or email lee.mcentire@bofa.com, while inquiries related to Fixed Income can reach out to Jonathan Blum at 1.212.449.3112 or jonathan.blum@bofa.com. Reporters seeking further information can contact Bill Halldin at 1.916.724.0093 or email william.halldin@bofa.com.
