Bank of America Sets Preferred Dividends Up to $31.50, Payment Dates Feb-Mar

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Bank of America declared dividends on 14 preferred stock series, with per-share payments ranging from $0.265625 (Series QQ) to $31.50 (Series DD) and $29.375 (Series FF). Record dates run Jan 30 to March 1, and payment dates from Feb 17 to March 25, with Series DD and FF paid semi-annually.

1. Preferred Stock Dividend Authorization

Bank of America’s Board of Directors has approved regular cash dividends on 14 series of its preferred stock, with record dates spanning January 30 to March 1 and payment dates from February 17 through March 25, 2026. Dividend rates vary by series, from $0.2656250 per share for 4.250% Non-Cumulative Preferred Stock, Series QQ, up to $31.50 per share for Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series DD. Dividends on most series are paid quarterly, while Series DD and Series FF are paid semi-annually. This schedule provides preferred shareholders with predictable income streams over the coming quarter.

2. Fourth-Quarter Financial Performance

In Q4 2025, Bank of America reported net income of $7.6 billion, a 12% year-over-year increase, on revenues of $28.4 billion, up 7%. Net interest income climbed 10% to $15.9 billion on a fully taxable equivalent basis, driven by loan and deposit growth and asset repricing, pushing net interest yield to 2.08%. Non-interest revenues, including sales and trading and investment banking fees, contributed $10.4 billion, up 10% year over year. Earnings per share rose 18% to $0.98, reflecting disciplined expense management and share repurchases.

3. Balance Sheet, Capital Returns and 2026 Outlook

Total assets remained stable at $3.4 trillion as securities reductions were offset by an 8% year-over-year rise in average loans to $1.17 trillion. Deposits grew by $17 billion sequentially, enabling a reduction in wholesale funding. The bank returned $8.4 billion of capital to shareholders in the quarter, including $6.3 billion in buybacks, reducing the diluted share count by 4%. Common equity Tier 1 capital ratio stood at 11.4%, comfortably above regulatory minimums. Management forecasts 5–7% net interest income growth and approximately 200 basis points of operating leverage in 2026, underpinned by ongoing digital and AI investments and disciplined expense control.

Sources

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