CHARLOTTE, N.C., Sept. 15,
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
|
October 1
|
October 31
|
|
|
|
|
|
|
Fixed-to-Floating Rate
Non-
Cumulative Preferred Stock,
Series Z
|
|
$32.500
|
October 1
|
October 24
|
|
|
|
|
|
|
5.875%
Non-Cumulative
Preferred Stock, Series HH
|
|
$0.3671875
|
October 1
|
October 24
|
|
|
|
|
|
|
4.375%
Non-Cumulative
Preferred Stock, Series NN
|
|
$0.2734375
|
October 15
|
November 3
|
|
|
|
|
|
|
4.125%
Non-Cumulative
Preferred Stock, Series PP
|
|
$0.2578125
|
October 15
|
November 2
|
|
|
|
|
|
|
4.375% Fixed-Rate Reset
Non-
Cumulative Preferred Stock,
Series RR
|
|
$10.9375000
|
October 1
|
October 27
|
|
|
|
|
|
|
6.125% Fixed-Rate Reset
Non-
Cumulative Preferred Stock,
Series TT
|
|
$15.3125000
|
October 1
|
October 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 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 67 million consumer and small
business clients with approximately 4,000 retail financial centers,
approximately 16,000 ATMs and award-winning digital banking with
approximately 55 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 email news alerts.
Investors May Contact:
Lee
McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com
Jonathan Blum, Bank of America
(Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com
Reporters May Contact:
Bill
Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com
Christopher P. Feeney, Bank of
America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation