Bank of America Corporation (NYSE: BAC), a leading global financial institution, has officially declared its cash dividends for several series of preferred stock, set to be payable in April and May 2025. This announcement, made on March 13, 2025, reflects the bank's commitment to providing value to its investors while maintaining a solid financial footing.

1. Details of the Preferred Stock Dividends

The Board of Directors at Bank of America has authorized regular cash dividends for the following series of preferred stock:

Series of Preferred Stock	Dividend per Share or Depositary Share	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

These dividends are an essential part of the bank's strategy to reward its shareholders and maintain investor confidence. Notably, the Series L preferred stock will see a significant payout, reflecting the bank's robust performance and commitment to its equity holders.

2. Strategic Focus and Robust Performance

As a major player in the financial sector, Bank of America serves a diverse clientele, including individual consumers, small and middle-market businesses, and large corporations. With approximately 69 million consumer and small business clients, the bank operates around 3,700 retail financial centers and approximately 15,000 ATMs across the United States. The bank's digital banking services have also become a cornerstone of its operations, boasting around 58 million verified digital users.

Bank of America has established itself as a global leader in wealth management, corporate and investment banking, and trading across various asset classes. This diverse offering allows the institution to cater effectively to corporations, governments, and individuals worldwide.

3. Empowering Small Businesses

The bank is particularly committed to supporting small businesses, providing innovative online products and services to approximately 4 million small business households. This focus on small business empowerment underscores Bank of America's strategic vision to foster economic growth and stability across the communities it serves.

4. Conclusion

As Bank of America prepares to distribute dividends to its preferred stockholders in the coming months, it reaffirms its commitment to delivering value and maintaining a strong financial position. The scheduled dividend payments reflect the bank's confidence in its ongoing strategies and growth potential, making it an attractive option for current and prospective investors alike.

With a solid foundation and a focus on customer service, Bank of America continues to solidify its reputation as a trusted financial institution both domestically and globally.

Original press release