Bank of America declares preferred stock dividends for summer 2026

Bank of America Corporation (NYSE: BAC) announced that its board of directors has authorized regular cash dividends on eight series of preferred stock, with payment dates scheduled for July and August 2026.

The dividends range from $0.26 to $18.13 per share or depositary share across the different series. The highest dividend of $18.13 applies to the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L, with a record date of July 1 and payment date of July 30.

Other notable dividends include $16.56 for the 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO, and $15.63 for the 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU. Both have record dates of July 15 and payment dates of August 3.

The remaining five series carry smaller dividend amounts, ranging from $0.26 to $0.37 per depositary share, with various record and payment dates throughout July and early August.

All series except Series L are represented by depositary shares. The announcement was made on June 11, 2026, according to the company's press release.

Bank of America serves nearly 70 million clients through approximately 3,500 retail financial centers and 15,000 ATMs across the United States.

You May Also Be Interested In

• Upwork secures $150M revolving credit facility with Bank of America
• Morgan Stanley Private Credit Fund Caps Redemptions At 5%
• F5 appoints ex-Commonwealth Bank CIO Gavin Munroe to its board