Bank of America Corp
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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
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-0.06 (-0.17%)
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Bank of America Declares Preferred Stock Dividends

4:15 pm ET January 17, 2020 (BusinessWire) Print

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 Share(1)   Record Date            Payment Date
Floating Rate Non-Cumulative, Series E                       $0.25556                                    January 31             February 18
Floating Rate Non-Cumulative, Series F                       $1,011.11111                                February 28            March 16
Adjustable Rate Non-Cumulative, Series G                     $1,011.11111                                February 28            March 16
Fixed-to-Floating Rate Non-Cumulative, Series X              $31.25                                      February 15            March 5
Floating Rate Non-Cumulative Preferred Stock, Series 1       $0.187500                                   February 15            February 28
Floating Rate Non-Cumulative Preferred Stock, Series 2       $0.19167                                    February 15            February 28
Floating Rate Non-Cumulative Preferred Stock, Series 4       $0.25556                                    February 15            February 28
Floating Rate Non-Cumulative Preferred Stock, Series 5       $0.25556                                    February 1             February 21
Fixed-to-Floating Rate Non-Cumulative, Series AA             $30.50                                      March 1                March 17
Fixed-to-Floating Rate Non-Cumulative, Series DD             $31.50                                      February 15            March 10
Fixed-to-Floating Rate Non-Cumulative, Series FF             $29.375                                     March 1                March 16
6.000% Non-Cumulative Preferred Stock, Series GG             $0.375                                      February 1             February 18
5.375% Non-Cumulative Preferred Stock, Series KK             $0.3359375                                  March 1                March 25
5.000% Non-Cumulative Preferred Stock, Series LL             $0.3125                                     March 1                March 17

(1) Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series X, Series AA, Series DD, and Series FF, 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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,800 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 2,000 business centers; approximately 16,800 ATMs; and award winning digital banking with approximately 38 million active users, including approximately 29 million mobile 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 owners 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.

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SOURCE: Bank of America

Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780 

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

Reporters May Contact:
Lawrence Grayson, Bank of America, 1.704.995.5825

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