Bank of America Announces Regular Cash Dividends on Preferred Stock

CHARLOTTE, N.C. – In a recent announcement, Bank of America Corporation revealed that the Board of Directors has approved regular cash dividends on various series of preferred stock. This decision is sure to impact both shareholders and the broader financial market.

Preferred Stock Dividends Breakdown

Here is a breakdown of the dividend per share or depositary share for each series of preferred stock:

Floating Rate Non-Cumulative Preferred Stock, Series E: $0.36606

Record Date: October 31

Payment Date: November 15

Floating Rate Non-Cumulative Preferred Stock, Series F: $1,417.64097

Record Date: November 29

Payment Date: December 16

Adjustable Rate Non-CumulativePreferred Stock, Series G: $1,417.64097

Record Date: November 29

Payment Date: December 16

Personal Impact

For individual shareholders, the announcement of regular cash dividends on preferred stock can provide a steady stream of income. This can be particularly beneficial for those who rely on dividend payments as a source of financial support.

Global Impact

On a larger scale, the decision to authorize regular cash dividends on preferred stock by Bank of America Corporation can have broader implications for the financial market. It may signal stability and confidence in the company, which could potentially influence investor behavior and market trends.

Conclusion

In conclusion, the recent announcement by Bank of America Corporation regarding regular cash dividends on preferred stock has the potential to impact both individual shareholders and the broader financial market. This decision highlights the importance of dividend payments in the world of finance and underscores the significance of investor relations in shaping market dynamics.