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

Rhea-AI Summary

Bank of America (NYSE: BAC) has announced its Board of Directors' authorization of regular cash dividends for various series of preferred stock, with payments scheduled for May and June 2025. The dividend declarations span multiple preferred stock series with different rates and payment schedules.

Key dividend highlights include:

• Series E: $0.30499 per share, payable May 15
• Series F and G: $1,267.78300 per share, payable June 16
• Series GG (6.000%): $0.3750000 per share, payable May 16
• Series KK (5.375%): $0.3359375 per share, payable June 25
• Series LL (5.000%): $0.3125000 per share, payable June 17

The bank currently serves approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, with 58 million verified digital users.

Positive

• Consistent dividend payments across multiple preferred stock series indicating financial stability
• Maintains strong market presence with 69 million clients and 58 million digital users
• Extensive retail network with 3,700 financial centers and 15,000 ATMs

Negative

• None.

News Market Reaction – BAC

+6.05%

1 alert

+6.05% News Effect

On the day this news was published, BAC gained 6.05%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C.  , April 8, 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
Floating Rate Non-Cumulative Preferred Stock, Series E		$0.30499		April 30		May 15
Floating Rate Non-Cumulative Preferred Stock, Series F		$1,267.78300		May 30		June 16
Adjustable Rate Non-Cumulative Preferred Stock, Series G		$1,267.78300		May 30		June 16
Floating Rate Non-Cumulative Preferred Stock, Series 1		$0.33280		May 15		May 28
Floating Rate Non-Cumulative Preferred Stock, Series 2		$0.32292		May 15		May 28
Floating Rate Non-Cumulative Preferred Stock, Series 4		$0.32911		May 15		May 28
Floating Rate Non-Cumulative Preferred Stock, Series 5		$0.31469		May 1		May 21
6.000% Non-Cumulative Preferred Stock, Series GG		$0.3750000		May 1		May 16
5.375% Non-Cumulative Preferred Stock, Series KK		$0.3359375		June 1		June 25
5.000% Non-Cumulative Preferred Stock, Series LL		$0.3125000		June 1		June 17
4.250% Non-Cumulative Preferred Stock, Series QQ		$0.2656250		May 1		May 19
4.750% Non-Cumulative Preferred Stock, Series SS		$0.2968750		May 1		May 19

1 Each series of preferred stock, other than Series F and Series G, 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 

 

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SOURCE Bank of America Corporation

FAQ

What are the highest preferred stock dividend payments announced by BAC for May-June 2025?

Series F and G preferred stocks have the highest dividend payments at $1,267.78300 per share, payable on June 16, 2025.

When will Bank of America (BAC) pay the Series GG preferred stock dividend in 2025?

The 6.000% Series GG preferred stock dividend of $0.3750000 will be paid on May 16, 2025, with a record date of May 1.

How many different preferred stock series dividends did BAC announce for May-June 2025?

BAC announced dividends for 12 different series of preferred stock, with payments scheduled across May and June 2025.

What is the dividend amount for BAC's Series KK preferred stock in June 2025?

The 5.375% Series KK preferred stock will pay a dividend of $0.3359375 per share on June 25, 2025.