Bank of America Declares Preferred Stock Dividends Payable in April and May 2025

(Neutral)

Rhea-AI Summary

Bank of America (NYSE: BAC) has announced that its Board of Directors has authorized regular cash dividends on preferred stock series, payable in April and May 2025. The bank continues to maintain its strong market position, serving approximately 69 million consumer and small business clients through its extensive network of 3,700 retail financial centers and 15,000 ATMs.

The financial institution boasts approximately 58 million verified digital users and provides support to about 4 million small business households. Bank of America operates across the United States, its territories, and more than 35 countries, offering a comprehensive range of banking, investing, asset management, and risk management services to individual consumers, small and middle-market businesses, and large corporations.

Positive

Large customer base of 69 million consumer and small business clients
Strong digital presence with 58 million verified digital users
Extensive physical network of 3,700 retail centers and 15,000 ATMs
Global presence in over 35 countries
Regular dividend payments maintaining shareholder returns

Negative

None.

News Market Reaction – BAC

+3.08%

+3.08% Session move

In the trading session that priced this news, BAC gained 3.08%, 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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03/13/2025 - 04:15 PM

CHARLOTTE, N.C., March 13, 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
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 5
4.125% Non-Cumulative Preferred Stock, Series PP	$0.2578125	April 15	May 2
4.375% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series RR	$10.9375000	April 1	April 28
6.125% Fixed-Rate Reset Non- Cumulative Preferred Stock, Series TT	$15.3125000	April 1	April 28

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 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).

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-payable-in-april-and-may-2025-302401457.html

SOURCE Bank of America Corporation

FAQ

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

Bank of America will pay preferred stock dividends in April and May 2025, as authorized by the Board of Directors.

How many retail financial centers does BAC currently operate?

Bank of America operates 3,700 retail financial centers across its network.

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

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

How many small business households does BAC support?

Bank of America provides support to approximately 4 million small business households.