Bank of America Serves Up Two Delicious Dividends: April and May 2025 Preferred Stock Dates to Circle on Your Calendar

Bank of America’s Preferred Stock Dividends: A Breakdown

On March 13, 2025, Bank of America Corporation made an exciting announcement regarding its preferred stock dividends. The Board of Directors authorized the payment of dividends on various series of preferred stock. In this blog post, we’ll delve deeper into the details of each series, their record dates, and payment dates.

Series L: 7.25% Non-Cumulative Perpetual Convertible Preferred Stock

The first series on our list is the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend per share for this series is $18.1250000. The record date for this dividend is April 1, with the payment date set for April 30.

Series HH: 5.875% Non-Cumulative Preferred Stock

Next up is the 5.875% Non-Cumulative Preferred Stock, Series HH. The dividend per depositary share for this series is $0.3671875. The record date is April 1, and the payment date is April 24.

Series NN: 4.375% Non-Cumulative Preferred Stock

Moving on, we have the 4.375% Non-Cumulative Preferred Stock, Series NN. The dividend per depositary share for this series is $0.2734375. The record date is April 15, and the payment dates are May 5 and May 2.

Series PP: 4.125% Non-Cumulative Preferred Stock

Another series on the list is the 4.125% Non-Cumulative Preferred Stock, Series PP. The dividend per depositary share for this series is $0.2578125. The record date is April 15, and the payment dates are May 5 and May 2.

Series RR: 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock

The 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR, is next on our list. The dividend per share for this series is $10.9375000. The record date is April 1, and the payment date is April 28.

Series TT: 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock

Last but not least, we have the 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT. The dividend per share for this series is $15.3125000. The record date is April 1, and the payment date is April 28.

What Does This Mean for Me?

If you own any of these series of preferred stock or depositary shares, this announcement is great news! The dividend payments are a source of passive income, and knowing the exact dates can help you plan your finances accordingly.

What Does This Mean for the World?

On a larger scale, this dividend announcement is a sign of Bank of America’s financial stability and strength. It demonstrates the bank’s ability to generate revenue and distribute it to its shareholders. This, in turn, can contribute to the overall confidence in the financial market and economy.

Conclusion

In conclusion, Bank of America’s announcement of preferred stock dividends is an exciting development for both individual investors and the financial market. By understanding the specifics of each series and their payment dates, we can make informed decisions and plan accordingly. Additionally, this announcement highlights Bank of America’s financial strength and stability, which can have a positive impact on the broader economy.

  • Bank of America Corporation announced preferred stock dividends
  • Several series of preferred stock and their dividend details
  • Impact on individual investors and the financial market

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