Bank of America Announces Preferred Stock Dividend Payments

Bank of America Announces Preferred Stock Dividends

Bank of America Corporation has made a significant announcement regarding its preferred stock dividends for the upcoming first quarter. The Board of Directors has authorized regular cash dividends on various series of preferred stock, reaffirming the company's commitment to providing value to its shareholders.

Details of the Preferred Stock Dividends

Here are the details regarding the preferred stock dividends that have been approved by the Board:

Preferred Stock Series and Dividend Information

The following series of preferred stock will receive dividends:

• 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L: $18.125, Record Date: January 1, Payment Date: January 30
• 5.875% Non-Cumulative Preferred Stock, Series HH: $0.3671875, Record Date: January 1, Payment Date: January 24
• Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM: $21.50, Record Date: January 1, Payment Date: January 28
• 4.375% Non-Cumulative Preferred Stock, Series NN: $0.2734375, Record Date: January 15, Payment Date: February 3
• 4.125% Non-Cumulative Preferred Stock, Series PP: $0.2578125, Record Date: January 15, Payment Date: February 3
• 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR: $10.9375, Record Date: January 1, Payment Date: January 27
• 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT: $15.3125, Record Date: January 1, Payment Date: January 27

Each series of preferred stock, other than Series L, is represented by depositary shares. While dividends for most series are paid on a quarterly basis, the Fixed-to-Floating Rate Non-Cumulative Preferred Stock (Series MM) pays dividends on a semi-annual basis.

About Bank of America

Bank of America is recognized as one of the world’s foremost financial institutions, offering a vast array of services to individual consumers, small to medium-sized businesses, and large corporations. The institution is both a banking and investment giant that delivers exceptional financial and risk management solutions.

Customer Reach and Services

With approximately 69 million customers in the United States, Bank of America stands out with around 3,700 retail financial centers and a network of approximately 15,000 ATMs. The institution is also one of the leaders in digital banking, proudly servicing over 58 million verified digital users.

Being a global leader in wealth management and corporate and investment banking, Bank of America provides a comprehensive array of trading services across diverse asset classes. The bank proudly supports nearly 4 million small business households through an innovative suite of user-friendly online products and services.

Investor Contact Information

For inquiries related to investments, the following contacts are available:

Lee McEntire, Bank of America
Phone: 1.980.388.6780

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112

Media Contact Information

For media inquiries, please contact:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356

Frequently Asked Questions

What series of preferred stock is Bank of America paying dividends on?

Bank of America is paying dividends on multiple series of preferred stock, including Series L, HH, MM, NN, PP, RR, and TT.

When will the dividends be paid?

The payment dates vary, with most dividends being paid at the end of January and early February.

How is Bank of America structured in terms of financial services?

Bank of America offers a comprehensive range of financial services, including banking, investing, asset management, and risk management.

How many customers does Bank of America serve?

Bank of America serves approximately 69 million customers across America.

What is Bank of America's stock ticker?

Bank of America Corporation's stock ticker is NYSE: BAC, which represents its listing on the New York Stock Exchange.

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