Breaking News: Bank of America Announces Preferred Stock Dividends for Q1 2025!

CHARLOTTE, N.C. , Dec. 16, 2024 /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 Share | Record Date | Payment Date

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L | $18.125 | January 1 | January 30

5.875% Non-Cumulative Preferred Stock, Series HH | $0.3671875 | January 1 | January 24

Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM | $21.50 | January 1 | January 28

4.375% Non-Cumulative Preferred Stock, Series NN | $0.2734375 | January 15 | February 3

4.125% Non-Cumulative Preferred Stock, Series PP | $0.2578125 | January 15 | February 3

4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR | $10.9375000 | January 1 | January 27

6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT | $15.3125000 | January 1 | January 27

Each series of preferred stock, other than Series L, is represented by depositary shares.

Bank of America’s announcement of preferred stock dividends for the first quarter of 2025 comes as welcome news to investors and shareholders alike. The dividends, ranging from $0.2578125 to $21.50 per share, demonstrate the bank’s commitment to providing returns to its investors.

With the Record Dates and Payment Dates outlined for each series of preferred stock, shareholders can plan accordingly for the upcoming dividend disbursements. The cash dividends offer a steady income stream for investors, making these preferred stocks an attractive investment option.

Overall, Bank of America’s decision to declare preferred stock dividends for Q1 2025 showcases the financial stability and profitability of the bank, instilling confidence in its investors and reinforcing its position in the market.

How will this affect me?

As an investor in Bank of America’s preferred stocks, the announcement of dividends for Q1 2025 is good news for you. It means that you will receive a cash payout based on the number of shares you hold for each series of preferred stock. This additional income can help boost your overall investment returns and provide a steady source of passive income.

How will this affect the world?

Bank of America’s announcement of preferred stock dividends for Q1 2025 could have a positive impact on the world economy. By demonstrating financial stability and profitability, the bank sets a strong example for other financial institutions, promoting investor confidence and overall market stability. The dividends also reflect a healthy financial sector, which is essential for a thriving global economy.

Conclusion

In conclusion, Bank of America’s declaration of preferred stock dividends for Q1 2025 is a testament to the bank’s financial strength and commitment to returning value to its investors. The dividends offer a lucrative opportunity for shareholders and signal a positive outlook for the bank’s performance in the upcoming quarter. Overall, this announcement reinforces Bank of America’s position as a reliable and profitable investment option in the financial market.