Bank of America Sets October and November Preferred Dividend Payments

Bank of America Corporation’s board of directors has approved regular cash dividends on eight distinct series of outstanding preferred stock. The announcements, released from the company's Charlotte, North Carolina headquarters, confirm that holders of these non-cumulative and fixed-rate reset instruments will receive payments in two clusters: late October and early November 2026. This action maintains the scheduled income stream for investors holding these specific equity classes, distinct from the company’s common stock distributions.

The dividend schedule spans eight series, with per-share amounts varying significantly based on the coupon rate and structure of each instrument. The highest payment is $18.1250 per share on the 7.25% Non-Cumulative series, while the lowest is $0.2578125 per share on the 4.125% Non-Cumulative series. These figures reflect the contractual obligations tied to each specific preferred stock issuance, ensuring consistent yields for holders despite the varying face values and depositary share structures.

October Payment Dates and Record Dates

Four series of preferred stock will see their payments processed in October 2026. The 7.25% Non-Cumulative and 5.875% Non-Cumulative series both have an October 1 record date, with payments due on October 30 and October 26, respectively. Investors in these series must hold the shares by the record date to be eligible for the dividend. The 4.375% Fixed-Rate Reset Non-Cumulative and 6.125% Fixed-Rate Reset Non-Cumulative series also share the October 1 record date, with payments scheduled for October 27. These dates align with the company’s standard quarterly dividend cycle for these specific tranches.

The 6.250% Fixed-Rate Reset Non-Cumulative series follows a similar timeline, with an October 1 record date and an October 26 payment date. This cluster of October payments represents a significant portion of the total preferred dividend outlay for the quarter. The consistency in record dates for these four series simplifies the administrative process for shareholders and brokerage firms processing the distributions. The company’s disclosure ensures transparency regarding the exact timing of these cash flows.

November Dividend Distributions for Three Series

The remaining three series will have payments made in early November 2026, all sharing an October 15 record date. The 4.375% Non-Cumulative series will see a payment of $0.2734375 per share on November 3. The 6.625% Fixed-Rate Reset Non-Cumulative series will pay $16.5625 per share on November 2. The 4.125% Non-Cumulative series will distribute $0.2578125 per share on November 2. These dates mark the final installment of the preferred dividend cycle for this period, concluding the distribution process for all eight authorized series.

The separation of record dates between the October and November payment groups reflects the differing terms of the original issuances. By maintaining these specific schedules, Bank of America fulfills its obligations to preferred shareholders while managing cash flow across multiple instruments. The company’s broad network of over 69 million clients and digital banking infrastructure supports the efficient processing of these payments, ensuring timely delivery to investors globally.

Corporate Context and Shareholder Communication

As one of the world’s leading financial institutions, Bank of America serves a diverse client base including consumers, small businesses, and large corporations. The company operates through approximately 3,500 retail financial centers and maintains a digital user base of roughly 60 million verified users. The preferred stock dividends are a component of the broader capital structure that supports this extensive operational footprint. The company’s stock, listed on the New York Stock Exchange under the ticker BAC, reflects the market’s valuation of these combined banking and investment services.

Investors and reporters seeking further details on the dividend announcements can contact the company’s investor relations team. Lee McEntire and Jonathan G. Blum are available for investor inquiries, while Jocelyn Seidenfeld handles media requests. The source of this report, GN stocks/banks, highlights the importance of accurate financial disclosures in maintaining market confidence. The detailed breakdown of dividend amounts and dates provides essential information for portfolio managers and individual investors tracking their income from Bank of America’s preferred securities.