Bank of America Declares Preferred Stock Dividends for First Quarter 2025

Rhea-AI Summary

Bank of America (BAC) has announced its Board of Directors' authorization of regular cash dividends for various series of preferred stock for the first quarter of 2025. The dividend payments cover multiple series including floating rate, fixed-to-floating rate, and fixed-rate non-cumulative preferred stocks, with payment dates ranging from February 18 to March 25, 2025.

The company serves approximately 69 million consumer and small business clients through 3,700 retail financial centers and 15,000 ATMs, with roughly 58 million verified digital users. BAC maintains a significant presence across the United States and operates in more than 35 countries, providing comprehensive banking, investing, asset management, and risk management services.

Positive

• Consistent dividend payments maintained across all preferred stock series
• Strong retail presence with 69 million consumer and small business clients
• Robust digital banking platform with 58 million verified users
• Extensive network of 3,700 retail centers and 15,000 ATMs

Negative

• None.

News Market Reaction – BAC

+0.28%

1 alert

+0.28% News Effect

On the day this news was published, BAC gained 0.28%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Jan. 17, 2025 /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
Floating Rate Non-Cumulative Preferred Stock, Series E		$0.32807		January 31			February 18
Floating Rate Non-Cumulative Preferred Stock, Series F		$1,255.04500		February 28			March 17
Adjustable Rate Non- Cumulative Preferred Stock, Series G		$1,255.04500		February 28			March 17
Floating Rate Non-Cumulative Preferred Stock, Series 1		$0.34535		February 15			February 28
Floating Rate Non-Cumulative Preferred Stock, Series 2		$0.34663		February 15			February 28
Floating Rate Non-Cumulative Preferred Stock, Series 4		$0.35302		February 15			February 28
Floating Rate Non-Cumulative Preferred Stock, Series 5		$0.33745		February 1			February 21
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series AA		$30.50		March 1			March 17
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series DD		$31.50		February 15			March 10
Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series FF		$29.375		March 1			March 17
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
4.250% Non-Cumulative Preferred Stock, Series QQ		$0.2656250		February 1			February 18
4.750% Non-Cumulative Preferred Stock, Series SS		$0.2968750		February 1			February 18

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 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 69 million consumer and small business clients with 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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
lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com

Reporters May Contact:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com 

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SOURCE Bank of America Corporation

FAQ

When will Bank of America (BAC) pay its preferred stock dividends for Q1 2025?

BAC will pay preferred stock dividends on various dates between February 18 and March 25, 2025, depending on the specific series.

What is the dividend amount for BAC's Series GG preferred stock in Q1 2025?

The 6.000% Non-Cumulative Preferred Stock, Series GG, will pay $0.375 per depositary share.

How many retail financial centers does Bank of America (BAC) operate?

Bank of America operates 3,700 retail financial centers across the United States.

What is Bank of America's (BAC) digital banking user base as of 2025?

Bank of America has approximately 58 million verified digital banking users.

How many countries does Bank of America (BAC) operate in globally?

Bank of America operates across the United States, its territories, and more than 35 countries worldwide.