Bank of America Locks In Preferred Stock Dividend Payments Through May 2026
CHARLOTTE, N.C., March 12, 2026 – Bank of America Corporation (NYSE: BAC) has announced that its Board of Directors has authorized regular cash dividends for s…
CHARLOTTE, N.C., March 12, 2026 – Bank of America Corporation (NYSE: BAC) has announced that its Board of Directors has authorized regular cash dividends for several outstanding series of preferred stock or their corresponding depositary shares.
The approved dividend schedule is as follows: * **7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L:** $18.1250000 per share, with a record date of April 1 and a payment date of April 30. * **5.875% Non-Cumulative Preferred Stock, Series HH:** $0.3671875 per depositary share, record date April 1, payment date April 24. * **4.375% Non-Cumulative Preferred Stock, Series NN:** $0.2734375 per depositary share, record date April 15, payment date May 4. * **6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO:** $16.5625000 per depositary share, record date April 15, payment date May 1. * **4.125% Non-Cumulative Preferred Stock, Series PP:** $0.2578125 per depositary share, record date April 15, payment date May 4. * **4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR:** $10.9375000 per depositary share, record date April 1, payment date April 27. * **6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT:** $15.3125000 per depositary share, record date April 1, payment date April 27. * **6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU:** $15.6250000 per depositary share, record date April 1, payment date April 27.
It is noted that all preferred stock series, apart from Series L, are represented by depositary shares.
Based on Ranked Stocks' data, Bank of America (BAC) holds an RS Score of 61.73. This places it in the 32.77th percentile within its country and the 31.33rd percentile within its sector. Analysis of its underlying section scores indicates several areas performing below average, with Valuation (27.84), Growth (27.49), Profitability (24.74), Momentum (66.47), and EPS Revisions (69.00) all scoring below 80. Want to discover which stocks rank the highest? Start your free 7-day trial at rankedstocks.com.