On January 16, 2026, Bank of America’s Board of Directors approved regular cash dividends on eleven series of preferred stock. Record dates span January 30 through March 1, with payment dates from February 17 through March 25. Dividend rates vary by series, including floating-rate Series E at $0.28516 per depositary share, fixed-to-floating Series DD at $31.50 per share, and 6.000% Series GG at $0.37500 per share. Series F and G, not represented by depositary shares, carry adjustable and floating rates of $1,096.20250 each, payable on March 16. Semi-annual payments apply to Series DD and FF, while the remaining nine series receive quarterly distributions.

The declared payouts reinforce Bank of America’s commitment to sustaining income for preferred shareholders. Total cash outlay for these distributions is estimated at approximately $250 million, based on the latest outstanding share counts reported in the company’s third quarter 2025 filings. The mix of floating, adjustable and fixed-rate securities provides diversified income exposure: holders of floating-rate issues benefit from rising reference rates, while fixed-rate series offer yield stability. Institutional investors and high-net-worth clients, who hold nearly 60% of BAC’s preferred float, will see these payments credited to their brokerage accounts on the designated payment dates.

Bank of America maintains strong capital ratios under Basel III guidelines, with a Common Equity Tier 1 ratio of 11.9% and a Tier 1 leverage ratio of 7.3% as of year-end 2025. Continued preferred dividend distributions signal management’s confidence in core earnings and liquidity positions. By funding these obligations through operating cash flow, the bank avoids incremental debt issuance and preserves balance sheet flexibility. This strategy supports ongoing investments in digital platforms and branch network enhancements without diluting common equity capital.

Preferred securities represent roughly 4% of Bank of America’s total capitalization, providing a lower-cost funding source compared with unsecured debt. In an environment of tightening monetary policy, floating-rate series may reprice higher, enhancing dividend income for holders. Bank of America’s next common dividend announcement is expected in early February, with analysts forecasting a 5% increase in per-share payouts from the previous quarter. Overall, the preferred dividend declaration underscores the institution’s stable cash flow generation and disciplined capital allocation as it navigates evolving interest-rate dynamics.