Bank of America Declares Preferred Stock Dividends Payable in July and August 2025

(Neutral)

Rhea-AI Summary

Bank of America (NYSE: BAC) has announced regular cash dividend payments for seven series of preferred stock, scheduled for July and August 2025. The highest dividend rate is for Series L at 7.25% with $18.13 per share, followed by Series OO at 6.625% with $16.93 per depositary share. The dividend payments span from July 24 to August 4, with record dates set for July 1 and July 15. Bank of America serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with a strong digital presence of 59 million verified users. The bank maintains a global presence across 35+ countries, offering comprehensive financial services including wealth management, corporate banking, and small business support.

Positive

Bank of America maintains a strong retail presence with 3,700 financial centers and 15,000 ATMs
The bank has a robust digital banking platform with 59 million verified users
The company demonstrates financial stability by continuing regular preferred stock dividend payments
BAC serves a large customer base of 69 million consumer and small business clients

Negative

None.

News Market Reaction – BAC

-1.19%

-1.19% Session move

In the trading session that priced this news, BAC declined 1.19%, reflecting a mild negative 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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06/12/2025 - 04:15 PM

CHARLOTTE, N.C., June 12, 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	July 1	July 30
5.875% Non-Cumulative Preferred Stock, Series HH	$0.3671875	July 1	July 24
4.375% Non-Cumulative Preferred Stock, Series NN	$0.2734375	July 15	August 4
6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO	$16.9305556	July 15	August 1
4.125% Non-Cumulative Preferred Stock, Series PP	$0.2578125	July 15	August 4
4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR	$10.9375000	July 1	July 28
6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT	$15.3125000	July 1	July 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 approximately 3,700 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 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-july-and-august-2025-302480461.html

SOURCE Bank of America Corporation

FAQ

What are the dividend payment dates for Bank of America's preferred stock in July and August 2025?

The dividend payments are scheduled between July 24 and August 4, 2025, with specific dates varying by preferred stock series.

What is the highest preferred stock dividend rate announced by BAC?

The Series L (7.25% Non-Cumulative Perpetual Convertible Preferred Stock) offers the highest dividend at $18.1250 per share.

How many retail financial centers and ATMs does Bank of America operate?

Bank of America operates approximately 3,700 retail financial centers and 15,000 ATMs across the United States.

What is Bank of America's digital banking presence?

Bank of America has approximately 59 million verified digital banking users.

How many preferred stock series are included in BAC's July-August 2025 dividend announcement?

Bank of America announced dividends for seven different series of preferred stock (Series L, HH, NN, OO, PP, RR, and TT).