Brian Moynihan CEO of Bank of America | Bank of America
Bank of America Corporation has announced that its Board of Directors has approved regular cash dividends for various series of its preferred stock. These dividends are scheduled to be payable in May and June 2025 on the outstanding shares or depositary shares.
The specified series and corresponding dividend details are as follows:
For the Floating Rate Non-Cumulative Preferred Stock, Series E, a dividend of $0.30499 per share is set with a record date of April 30 and a payment date of May 15. The Series F and Series G, both with an adjustable rate, will see dividends of $1,267.78300 per share, with record dates and payment dates of May 30 and June 16, respectively.
The Floating Rate Non-Cumulative Preferred Stock for Series 1 will share $0.33280 per share, while Series 2 will disburse $0.32292. Series 4 is set to deliver $0.32911, and Series 5 will distribute $0.31469. These all have record dates on May 15 and payment dates on May 28.
For the 6.000% Non-Cumulative Preferred Stock, Series GG, a dividend of $0.3750000 is scheduled with a record date of May 1 and a payment date on May 16. Series KK, with a 5.375% yield, has a dividend of $0.3359375, set for June 1 and June 25. Series LL will see dividends of $0.3125000 on the same record date of June 1, with payments on June 17.
The 4.250% Non-Cumulative Preferred Stock, Series QQ, will disburse $0.2656250, with a record date of May 1 and a payment date of May 19, which is mirrored for Series SS at $0.2968750 per share.
Bank of America is recognized globally as a financial leader, servicing both small and large entities along with individual clients. Their offerings include a wide range of banking services, investment options, and asset management solutions. The corporation's stock trades under the ticker BAC on the New York Stock Exchange.
Investors may contact Lee McEntire at 1.980.388.6780 or Jonathan G. Blum at 1.212.449.3112 for more information. Reporters should reach out to Jocelyn Seidenfeld at 1.646.743.3356.
Further details about the dividends note that each series of preferred stock, except Series F and Series G, is represented by depositary shares.
All investments carry risks, and investors are advised to consider their financial objectives and needs while keeping in mind that this announcement is not an endorsement or advice regarding particular financial products or services.