Bank of America Sets Multiple Preferred Dividends; Shares Fall 2.86%
Bank of America’s board authorized cash dividends on eight preferred share series, with payouts from $0.2578 to $18.125 per share, record dates April 1–15 and payment dates April 24–May 4, 2026. Common shares dropped 2.86% in the latest trading session, underperforming the market.
1. Preferred Dividend Authorization
Bank of America’s board approved regular cash dividends on eight series of preferred stock—Series L, HH, NN, OO, PP, RR, TT and UU. Dividend rates span 4.125% to 7.25%, with per-share payouts from $0.2578 to $18.125; record dates run April 1–15 and payment dates April 24–May 4, 2026.
2. Common Share Performance
Common shares declined 2.86% in the latest session, underperforming broader benchmarks. The pullback reflects investor focus on dividend obligations and sectorwide concerns over interest rates and credit conditions.