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press release

April 7, 2020, 4:15 p.m. EDT

Bank of America Declares Preferred Stock Dividends

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       Record Date       Payment Date
Floating Rate Non-Cumulative, Series E       $0.25000       April 30       May 15
Floating Rate Non-Cumulative, Series F       $1,022.22222       May 29       June 15
Adjustable Rate Non-Cumulative, Series G       $1,022.22222       May 29       June 15
Fixed-to-Floating Rate Non-Cumulative, Series U       $26.00       May 15       June 1
Floating Rate Non-Cumulative Preferred Stock, Series 1       $0.18750       May 15       May 28
Floating Rate Non-Cumulative Preferred Stock, Series 2       $0.18750       May 15       May 28
Floating Rate Non-Cumulative Preferred Stock, Series 4       $0.25000       May 15       May 28
Floating Rate Non-Cumulative Preferred Stock, Series 5       $0.25000       May 1       May 21
6.000% Non-Cumulative Preferred Stock, Series GG       $0.375       May 1       May 18
Fixed-to-Floating Rate Non-Cumulative, Series JJ       $25.625       June 1       June 22
5.375% Non-Cumulative Preferred Stock, Series KK       $0.3359375       June 1       June 25
5.000% Non-Cumulative Preferred Stock, Series LL       $0.3125       June 1       June 17

1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. Dividend payments are made on a quarterly basis for each series of preferred stock, other than Series U and Series JJ, 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 2,800 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 2,000 business centers; approximately 16,800 ATMs; and award-winning digital banking with approximately 38 million active users, including approximately 29 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 owners 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 /zigman2/quotes/200894270/composite BAC +2.82% is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom . Click here to register for news email alerts.

www.bankofamerica.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20200407005773/en/

SOURCE: Bank of America

Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
lee.mcentire@bofa.com Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112
jonathan.blum@bofa.com Reporters May Contact:
Jerry Dubrowski, Bank of America, 1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com

Copyright Business Wire 2020

/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 24.80
+0.68 +2.82%
Volume: 14.32M
June 1, 2020 10:27a
P/E Ratio
10.08
Dividend Yield
2.92%
Market Cap
$209.26 billion
Rev. per Employee
$543,289
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