Bank of America Declares Preferred Stock Dividends Payable in April and May 2026

Rhea-AI Summary

Bank of America (NYSE: BAC) declared regular cash dividends on eight series of preferred stock with record dates in April 2026 and payment dates in April and May 2026. Dividend amounts range from $0.2578125 to $18.125 per share or depositary share, depending on the series.

The board authorized dividends for Series L, HH, NN, OO, PP, RR, TT and UU with specified record and payment dates in April and May 2026.

Positive

• Board authorized dividends for eight preferred stock series
• Payment dates scheduled across April and May 2026
• Per-share dividends specified up to $18.125

Negative

• None.

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CHARLOTTE, N.C., March 12, 2026 /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		$18.1250000		April 1		April 30
5.875% Non-Cumulative Preferred Stock, Series HH		$0.3671875		April 1		April 24
4.375% Non-Cumulative Preferred Stock, Series NN		$0.2734375		April 15		May 4
6.625% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series OO		$16.5625000		April 15		May 1
4.125% Non-Cumulative Preferred Stock, Series PP		$0.2578125		April 15		May 4
4.375% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series RR		$10.9375000		April 1		April 27
6.125% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series TT		$15.3125000		April 1		April 27
6.250% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series UU		$15.6250000		April 1		April 27

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

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 nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 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 (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.

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

Which Bank of America preferred stock series pay dividends in April and May 2026 (BAC)?

The dividend applies to Series L, HH, NN, OO, PP, RR, TT and UU. According to Bank of America, each series has a specified record and payment date in April or May 2026 with defined per-share amounts.

What are the payment dates for Bank of America preferred dividends in April–May 2026 (BAC)?

Payment dates fall on April 24, April 27, April 30, May 1 and May 4, 2026. According to Bank of America, each preferred series lists its specific payment date tied to its record date in April 2026.

How much is the dividend for Bank of America Series L preferred stock (BAC) in April 2026?

Series L dividend is $18.1250000 per share, payable April 30, 2026. According to Bank of America, the record date for Series L is April 1, 2026 and the dividend is non-cumulative convertible preferred stock.

What is the dividend amount for Bank of America Series OO preferred depositary shares (BAC)?

Series OO dividend is $16.5625000 per depositary share, payable May 1, 2026. According to Bank of America, the record date for Series OO is April 15, 2026 and it is a fixed-rate reset preferred series.

Are the announced Bank of America dividends for preferred stock represented by depositary shares (BAC)?

Yes; except for Series L, each preferred series is represented by depositary shares. According to Bank of America, the press release specifies that all listed series other than Series L are depositary-share representations.