Bank of America Declares Quarterly Dividend on Series L Preferred Stock, Series Y Preferred Stock and Series Z Preferred Stock

Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on April 30 to shareholders of record as of April 1.

The board also authorized a regular quarterly cash dividend of $0.40625 per share on the 6.50 percent Non-Cumulative Preferred Stock, Series Y. The dividend is payable on April 27 to shareholders of record as of April 1.

And the board authorized a regular quarterly cash dividend of $32.50 per share on the Fixed-to-floating Rate Non-Cumulative Preferred Stock, Series Z. The dividend is payable on April 23 to shareholders of record as of April 1.

Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail banking offices and approximately 15,800 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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