SKN | Bank of America Declares Preferred Stock Dividends Payable in April and May 2026

Key Points

• Bank of America approved several preferred stock dividend payments scheduled for April and May 2026.
• Dividends cover multiple preferred share series, including Series L, HH, NN, OO, PP, RR, TT, and UU.
• Record dates fall on April 1 and April 15, with payments scheduled between April 24 and May 4.

Bank of America has announced that its board of directors authorized regular cash dividend payments on several series of outstanding preferred stock.

The dividends will be distributed to shareholders of record during April, with payment dates extending into early May 2026. The announcement reflects the bank’s ongoing commitment to returning capital to investors through structured dividend programs tied to its preferred equity instruments.

Dividend Details Across Multiple Preferred Share Series

The bank declared dividends for several preferred stock series, each with specific record and payment dates. For the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L, the dividend was set at $18.125 per share, payable on April 30, 2026, to shareholders recorded as of April 1.

For the 5.875% Non-Cumulative Preferred Stock, Series HH, the dividend will be $0.3671875 per depositary share, payable April 24, 2026, to shareholders of record on April 1.

The 4.375% Non-Cumulative Preferred Stock, Series NN will pay $0.2734375 per depositary share, with a May 4, 2026 payment date and a record date of April 15.

The 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO will distribute $16.5625 per share, payable May 1, 2026, to shareholders recorded on April 15.

The 4.125% Non-Cumulative Preferred Stock, Series PP carries a dividend of $0.2578125 per depositary share, payable May 4, 2026, with the same April 15 record date.

Additional dividends include the 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR, paying $10.9375 per share on April 27, 2026, to holders of record as of April 1.

The 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT will distribute $15.3125 per share on April 27, 2026, with the same April 1 record date.

Finally, the 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU will pay $15.625 per share, also scheduled for April 27, 2026, to shareholders recorded on April 1.

Capital Return Strategy

Preferred stock dividends form part of the bank’s broader capital return strategy, complementing common stock dividends and share repurchase programs. Such payments are typically tied to fixed-rate or reset-rate structures that provide predictable income streams to preferred shareholders.

Maintaining these dividend payments reflects the institution’s financial stability and ongoing commitment to meeting obligations across its capital structure.

About Bank of America

Bank of America is one of the world’s largest financial institutions, serving approximately 70 million clients globally. The company operates around 3,600 retail financial centers, approximately 15,000 ATMs, and supports nearly 59 million verified digital banking users.

The bank provides a wide range of financial services, including consumer banking, corporate and investment banking, asset management, and wealth management, serving individuals, businesses, and governments across more than 35 countries.

Outlook

Dividend announcements for preferred shares highlight the stability of Bank of America’s capital framework. Investors will continue monitoring the bank’s capital return policies, profitability trends, and regulatory capital levels as interest rate and macroeconomic conditions evolve.

For confidential inquiries, partnership opportunities, or further insights regarding bank capital structures, dividend strategies, and financial sector investment opportunities, interested parties are invited to reach out to our team directly for professional engagement.