Bank of America Announces Preferred Stock Dividends
Bank of America Corporation has recently shared that its Board of Directors has approved regular cash dividends on specific series of outstanding shares. This decision highlights the company's commitment to returning value to its shareholders through well-timed dividend payments.
Details of the Preferred Stock Dividends
Several series of preferred stock have been identified for dividend payments. Here’s a look at the series and their respective details:
1. 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
The dividend for this series is set at $18.125. Shareholders can expect the record date for dividend eligibility on July 1, with payments being processed by July 30.
2. 5.875% Non-Cumulative Preferred Stock, Series HH
Shareholders of this series will receive a dividend of $0.3671875. The relevant record date is July 1, and payment will be made on July 24.
3. 4.375% Non-Cumulative Preferred Stock, Series NN
This series offers a dividend of $0.2734375, with a record date of July 15. Payments are expected to be issued on August 4.
4. Additional Preferred Stock Series Details
For those holding the 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO, a dividend of $16.9306 will be provided, with a record date on July 15. Payments are to follow on August 1.
Moreover, the 4.125% Non-Cumulative Preferred Stock, Series PP will have a dividend of $0.2578125 with a record date also on July 15, and payment due on August 4.
About Bank of America
Bank of America stands as a significant player in the global financial arena, catering to individual consumers, small and middle-market businesses, and large corporations alike. With a comprehensive suite of products ranging from banking to investment and risk management services, it remains a trusted financial partner for millions.
Approximately 69 million consumer and small business clients benefit from Bank of America’s extensive services, which include around 3,700 retail financial centers and approximately 15,000 ATMs. The bank's digital banking platform has earned accolades, supporting around 59 million verified digital users.
Investors and Media Inquiries
For investors wishing to seek more information or clarification on the dividends or any other investor relations, Bank of America recommends reaching out to:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
Frequently Asked Questions
What are the upcoming preferred stock dividends from Bank of America?
The upcoming dividends include several series of preferred stock, each with specific amounts and payment dates.
When will the payment for the Series L preferred stock be made?
The payment for Series L will be made on July 30, with a record date of July 1.
How can investors contact Bank of America for further inquiries?
Investors can contact either Lee McEntire or Jonathan G. Blum for assistance regarding dividends and other inquiries.
What is the significance of preferred stock dividends?
Preferred stock dividends are crucial as they represent a prioritized payment to shareholders, typically associated with stable income returns.
How does Bank of America support its customers?
Bank of America provides a wide range of financial services, enhancing convenience and accessibility for consumers across various platforms, including digital banking.
