Bank of America Declares Preferred Stock Dividends for Second Quarter 2023
Rhea-AI Summary
Bank of America has announced its Board of Directors' approval for cash dividends on preferred stock for the second quarter of 2023. The dividends vary across several series:
- Series E: $0.32223, payable on May 15, with a record date of April 28.
- Series F: $1,345.82967, payable on June 15, with a record date of May 31.
- Series G: $1,345.82967, payable on June 15, with a record date of May 31.
- Series U: $26.00, payable on June 1, with a record date of May 15.
- Series 1: $0.3565, payable on May 30, with a record date of May 15.
- Series 2: $0.34632, payable on May 30, with a record date of May 15.
The dividend payments reflect the company's ongoing commitment to return value to shareholders.
Positive
- Announcement of regular cash dividends demonstrates financial stability and confidence in ongoing profitability.
- Diverse series of preferred stock dividends provide consistent returns for investors.
Negative
- None.
News Market Reaction
On the day this news was published, BAC gained 0.36%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Series of Preferred Stock | Dividend per Share | Record Date | Payment Date | ||||||
Floating Rate Non-Cumulative | |||||||||
Floating Rate Non-Cumulative | |||||||||
Adjustable Rate Non- | |||||||||
Fixed-to-Floating Rate Non- | |||||||||
Floating Rate Non-Cumulative | |||||||||
Floating Rate Non-Cumulative | |||||||||
Floating Rate Non-Cumulative | |||||||||
Floating Rate Non-Cumulative | |||||||||
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Fixed-to-Floating Rate Non- | |||||||||
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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 U and Series JJ for which dividends are paid on a semi-annual basis. |
For more
Phone: 1.980.388.6780
lee.mcentire@bofa.com
Phone: 1.212.449.3112
jonathan.blum@bofa.com
Phone: 1.916.724.0093
william.halldin@bofa.com
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE
FAQ
What is the dividend amount for BAC preferred stock in Q2 2023?
When are the record and payment dates for BAC dividends?
How often does BAC pay dividends on preferred stock?
