Bank of America Declares Second Quarter 2023 Preferred Stock Dividends

Published: Mar. 13, 2023 at 3:15 PM CDT

CHARLOTTE, N.C., March 13, 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:

(PRNewsfoto/Bank of America Corporation)
(PRNewsfoto/Bank of America Corporation)(PRNewswire)

Series of Preferred Stock

Dividend per Share
or Depositary Share

Record Date

Payment Date

7.25% Non-Cumulative
Perpetual Convertible
Preferred Stock, Series L


April 1

May 1

Fixed-to-Floating Rate Non-
Cumulative Preferred Stock,
Series Z


April 1

April 24

5.875% Non-Cumulative
Preferred Stock, Series HH


April 1

April 24

4.375% Non-Cumulative
Preferred Stock, Series NN


April 15

May 3

4.125% Non-Cumulative
Preferred Stock, Series PP


April 15

May 2

4.375% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series RR


April 1

April 27

6.125% Fixed-Rate Reset Non-
Cumulative Preferred Stock,
Series TT


April 1

April 27


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 3,900 retail financial centers, approximately 16,000 ATM and award-winning digital banking with approximately 56 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

Jonathan G. 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

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SOURCE Bank of America Corporation

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