What is the highest dividend per share announced by Bank of America (BAC) for Q4 2024?

The highest dividend per share announced is $32.500 for the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z.

Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2024

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Bank of America (NYSE: BAC) has announced regular cash dividends on several series of preferred stock for the fourth quarter of 2024. The dividends cover various series including Series L, Z, HH, NN, PP, RR, and TT, with dividend amounts ranging from $0.2578125 to $32.500 per share or depositary share. Record dates are set for October 1 and October 15, with payment dates spanning from October 23 to November 4.

Bank of America serves approximately 69 million consumer and small business clients with about 3,800 retail financial centers and 15,000 ATMs. The bank also boasts around 58 million verified digital users. As a global leader in wealth management, corporate and investment banking, Bank of America operates in the United States and over 35 countries worldwide.

Positive

Regular cash dividends declared for multiple series of preferred stock
Wide range of financial services offered to diverse client base
Strong digital banking presence with 58 million verified users
Extensive network of 3,800 retail financial centers and 15,000 ATMs
Global operations spanning over 35 countries

Negative

None.

News Market Reaction – BAC

+3.15%

+3.15% Session move

In the trading session that priced this news, BAC gained 3.15%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09/18/2024 - 04:15 PM

CHARLOTTE, N.C., Sept. 18, 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 Share¹	Record Date	Payment Date

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

Fixed-to-Floating Rate Non- Cumulative Preferred Stock, Series Z	$32.500	October 1	October 23

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

4.375% Non-Cumulative Preferred Stock, Series NN	$0.2734375	October 15	November 4

4.125% Non-Cumulative Preferred Stock, Series PP	$0.2578125	October 15	November 4

4.375% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series RR	$10.9375000	October 1	October 28

6.125% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series TT	$15.3125000	October 1	October 28

¹	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 69 million consumer and small business clients with approximately 3,800 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-preferred-stock-dividends-for-fourth-quarter-2024-302251567.html

SOURCE Bank of America Corporation

FAQ

When is the payment date for Bank of America's (BAC) Series L preferred stock dividend in Q4 2024?

The payment date for the Series L preferred stock dividend is October 30, 2024.

How many consumer and small business clients does Bank of America (BAC) serve?

Bank of America serves approximately 69 million consumer and small business clients.

What is the record date for Bank of America's (BAC) Series NN and PP preferred stock dividends in Q4 2024?

The record date for Series NN and PP preferred stock dividends is October 15, 2024.