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Bank of America Declares First Quarter 2024 Preferred Stock Dividends

NEWS PROVIDED BYBank of America Corporation 

15 Dec, 2023, 16:15 ET

CHARLOTTE, N.C., Dec. 15, 2023 /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 StockDividend per Share
or Depositary Share
Record DatePayment Date
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L$18.125January 1January 30
5.875% Non-Cumulative Preferred Stock, Series HH$0.3671875January 1January 24
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM$21.50January 1January 29
4.375% Non-Cumulative Preferred Stock, Series NN$0.2734375January 15February 5
4.125% Non-Cumulative Preferred Stock, Series PP$0.2578125January 15February 2
4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR$10.9375000January 1January 29
6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT$15.3125000January 1January 29
1Each 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 69 million consumer and small business clients with approximately 3,900 retail financial centres, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 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

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

Reporters May Contact:

Bill Halldin, Bank of America
Phone: 1.916.724.0093

Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794

SOURCE Bank of America Corporation