Bank of America Declares Preferred Stock Dividends

CHARLOTTE, N.C.--(BUSINESS WIRE)-- 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

   

$18.125

   

April 1

   

April 30

       

Fixed-to-Floating Rate

Non-Cumulative Preferred

Stock, Series Z

   

$32.500

   

April 1

   

April 23

       

6.000% Non-Cumulative

Preferred Stock, Series EE

   

$0.375

   

April 1

   

April 26

       

5.875% Non-Cumulative

Preferred Stock, Series HH

   

$0.3671875

   

April 1

   

April 26

       

4.375% Non-Cumulative

Preferred Stock, Series NN

   

$0.2734375

   

April 15

   

May 3

       

4.125% Non-Cumulative

Preferred Stock, Series PP

   

$0.2692708

   

April 15

   

May 3

1 Each series of preferred stock, other than Series L, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series Z, for which dividends are paid on a semi-annual basis.

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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,400 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile 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 3 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 approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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www.bankofamerica.com

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:
Jerry Dubrowski, Bank of America
Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com

Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794
christopher.feeney@bofa.com

Source: Bank of America