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

1. Bank of America authorized cash dividends for various preferred stock series. 2. 7.25% Non-Cumulative Preferred Stock will pay $18.125 on April 30. 3. Other preferred stocks also listed with respective dividend amounts and payment dates. 4. Bank of America serves 69 million clients across various financial sectors. 5. The bank operates retail centers and offers extensive digital banking services.

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FAQ

Why Bullish?

The announcement of dividends enhances shareholder value, often positively impacting stock prices historically.

How important is it?

The dividend announcement reflects financial health and investor confidence, directly affecting BAC.

Why Short Term?

Dividend payments provide immediate returns to investors, influencing stock price quickly.

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CHARLOTTE, N.C., March 13, 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 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L $18.1250000 April 1 April 30 5.875% Non-Cumulative Preferred Stock, Series HH $0.3671875 April 1 April 24 4.375% Non-Cumulative Preferred Stock, Series NN $0.2734375 April 15 May 5 4.125% Non-Cumulative Preferred Stock, Series PP $0.2578125 April 15 May 2 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR $10.9375000 April 1 April 28 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT $15.3125000 April 1 April 28 1 Each series of preferred stock, other than Series L, 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 AmericaPhone: 1.980.388.6780[email protected] Jonathan G. Blum, Bank of America (Fixed Income)Phone: 1.212.449.3112[email protected] Reporters May Contact: Jocelyn Seidenfeld, Bank of AmericaPhone: 1.646.743.3356[email protected] SOURCE Bank of America Corporation

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