CHARLOTTE, N.C., June 13,
2022 /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
or Depositary Share1
|
Record
Date
|
Payment
Date
|
|
|
|
|
|
7.25%
Non-Cumulative
Perpetual Convertible
Preferred Stock, Series L
|
$18.125
|
July 1
|
August 1
|
|
5.875%
Non-Cumulative
Preferred Stock, Series HH
|
$0.3671875
|
July 1
|
July 25
|
|
|
|
|
|
Fixed-to-Floating Rate
Non-
Cumulative Preferred Stock,
Series MM
|
$21.50
|
July 1
|
July 28
|
|
|
|
|
|
4.375%
Non-Cumulative
Preferred Stock, Series NN
|
$0.2734375
|
July 15
|
August 3
|
|
|
|
|
|
4.125%
Non-Cumulative
Preferred Stock, Series PP
|
$0.2578125
|
July 15
|
August 2
|
|
|
|
|
|
4.375% Fixed-Rate Reset
Non-
Cumulative Preferred Stock,
Series RR
|
$10.9375000
|
July 1
|
July 27
|
|
|
|
|
|
6.125% Fixed-Rate Reset
Non-
Cumulative Preferred Stock,
Series TT
|
$16.1631944
|
July 1
|
July 27
|
|
|
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 MM, 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 67 million consumer and small business clients with
approximately 4,100 retail financial centers, approximately 16,000
ATMs, and award-winning digital banking with approximately 54
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 3 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 approximately 35
countries. Bank of America Corporation stock (NYSE: BAC) is listed
on the New York Stock Exchange.
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:
Christopher P. Feeney, Bank of
America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation