Bank of America Corporation has announced that its Board of Directors has approved regular cash dividends for several series of preferred stock, payable in April and May 2025. The dividend details are as follows:
For the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L, a dividend of $18.125 per share will be paid on April 30, with a record date of April 1.
The 5.875% Non-Cumulative Preferred Stock, Series HH, will have a dividend of $0.3671875 per share, payable on April 24 to shareholders recorded by April 1.
For the 4.375% Non-Cumulative Preferred Stock, Series NN, the dividend is set at $0.2734375 per share with payment scheduled for May 5 and a record date of April 15.
Shareholders of the 4.125% Non-Cumulative Preferred Stock, Series PP will receive a dividend of $0.2578125 per share on May 2, provided they are recorded by April 15.
The company also declared dividends for its fixed-rate reset non-cumulative preferred stocks: Series RR will pay $10.9375 per share on April 28 (record date: April 1), and Series TT will pay $15.3125 per share also on April 28 (record date: April 1).
"Bank of America" operates as one of the leading financial institutions globally, providing services to consumers and businesses across various sectors including banking and asset management. The corporation serves around 69 million clients in the United States through its extensive network comprising approximately 3,700 retail financial centers and about 15,000 ATMs.
Investors seeking further information can contact Lee McEntire or Jonathan G. Blum at Bank of America via phone or email as provided in the announcement.
Reporters may reach out to Jocelyn Seidenfeld for additional details regarding this release.
###