Bank of America Corporation has authorized regular cash dividends on outstanding shares or depositary shares of multiple preferred stock series, with payments scheduled for July and August 2026. The Board of Directors approved the dividends, which range from $0.2578125 to $18.1250000 per share, providing returns to holders of various fixed-rate and non-cumulative preferred instruments.

Dividend Details

The declared dividends cover eight series of preferred stock, with record dates set for July 1 and July 15. Payment dates vary between July 24 and August 3, depending on the series. The following table outlines the dividend amounts, record dates, and payment dates for each series.

Share Representation

Each series of preferred stock, other than Series L, is represented by depositary shares. This structure allows for greater liquidity and accessibility for investors in the capital markets. The dividends reflect the fixed-rate or reset-rate nature of the respective instruments, providing predictable income streams for preferred shareholders.

Bank of America today announced the rollout of three new tools designed to reward loyalty, provide greater flexibility for managing large purchases, and simplify access to credit monitoring: Refer-a-Friend, Custom Pay Plan and My Credit. The announcement was made on June 10, 2026, highlighting the bank's focus on enhancing financial control and visibility for its clients.

"With these tools, we're rewarding our clients in more ways, giving them greater visibility into their financial health and more control over how they manage their money," said Holly O'Neill, President, Consumer, Retail and Preferred at Bank of America.

Refer-a-Friend Program

The Refer-a-Friend program allows eligible clients to earn referral bonuses by recommending credit cards to friends and family. Clients with a Customized Cash Rewards, Unlimited Cash Rewards or Travel Rewards credit card can access a personalized referral link through the Bank of America mobile app or online banking.

Custom Pay Plan

The Custom Pay Plan feature offers clients a way to convert qualifying purchases into structured payment plans. This tool is designed to replace traditional credit card interest with a fixed monthly fee disclosed upfront.

• Predictable costs: Fixed monthly fee disclosed at plan creation.
• Flexible terms: Repayment periods typically range from 3 to 18 months.
• Transparency: Clients can view total cost and repayment schedule before committing.
• Rewards preserved: Cardholders continue to earn rewards and retain purchase protections.

My Credit and Security

The My Credit tool provides eligible clients with access to their FICO® Score, credit reports, and personalized insights without impacting their score. It also offers alerts regarding changes to the credit profile and suspicious activity. Additionally, BofA Rewards members enrolled in My Credit gain access to enhanced fraud and identity monitoring, including dark web monitoring and full-service identity restoration.

"Your credit profile is one of the most important indicators of your financial health, and we want to make it as easy as possible for clients to understand and manage it," said Mary Hines Droesch, Head of Consumer & Small Business Products and Analytics at Bank of America.