Brian Moynihan CEO of Bank of America | Bank of America
Bank of America Corporation has announced an increase in its quarterly cash dividend on common stock to $0.28 per share, a rise of $0.02 from the previous quarter. This dividend will be paid on September 26, 2025, to shareholders recorded by September 5, 2025.
Additionally, the Board of Directors has authorized a new $40 billion common stock repurchase program set to commence on August 1, 2025. This new program will replace the current one, which expires on the same date and had about $9.1 billion remaining as of June 30, 2025. The authorization aims to provide capital return flexibility and reflects Bank of America's commitment to returning excess capital to shareholders.
The bank's ability to distribute capital depends partly on maintaining regulatory capital levels above minimum requirements. The timing and amount of stock repurchases will depend on factors such as the company's financial performance and market conditions and may be suspended at any time.
A regular quarterly cash dividend of $1.75 per share was also declared for the 7% Cumulative Redeemable Preferred Stock, Series B, payable on October 24, 2025.
Forward-looking statements in this release reflect Bank of America's expectations but are subject to risks and uncertainties that could cause actual results to differ materially.
Bank of America serves individual consumers and businesses with a wide range of financial services globally and is listed on the New York Stock Exchange under BAC.