Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2024
PR Newswire
CHARLOTTE, N.C., Sept. 18, 2024
CHARLOTTE, N.C., Sept. 18, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:
Series of Preferred Stock Dividend per Share Record Date Payment Date
or Depositary Share(1)
7.25% Non-Cumulative $18.125 October 1 October 30
Perpetual Convertible
Preferred Stock, Series L
Fixed-to-Floating Rate $32.500 October 1 October 23
Non- Cumulative Preferred
Stock, Series Z
5.875% Non-Cumulative $0.3671875 October 1 October 24
Preferred Stock, Series
HH
4.375% Non-Cumulative $0.2734375 October 15 November 4
Preferred Stock, Series
NN
4.125% Non-Cumulative $0.2578125 October 15 November 4
Preferred Stock, Series
PP
4.375% Fixed-Rate Reset $10.9375000 October 1 October 28
Non- Cumulative Preferred
Stock, Series RR
6.125% Fixed-Rate Reset $15.3125000 October 1 October 28
Non- Cumulative Preferred
Stock, Series TT
(1) Each series of preferred stock, other than Series L, is represented by
depositary shares. Dividend payments are made on a quarterly basis for
each series of preferred stock, other than Series Z, for which dividends
are paid on a semi-annual basis.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com
Reporters May Contact:
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com
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SOURCE Bank of America Corporation
(END) Dow Jones Newswires
September 18, 2024 16:15 ET (20:15 GMT)
