Bank of America Corporation announces a dividend of $0.2578 for its 4.125% debt privilege preferred shares.
Bank of America Corporation (BAC) recently announced the declaration of a quarterly dividend for its 4.125% DP PFD PP preferred shares (BAC.PR.P). Shareholders of record as of Oct. 15 are eligible to receive a dividend of $0.2578 per share. For a visual representation of BAC.PR.P's yield, interested parties can refer to the Yield Chart.
The dividend payable date for BAC.PR.P is set for Nov. 3. It's worth noting that this dividend declaration does not impact the common stock dividend. Furthermore, the ex-dividend date for BAC.PR.P is Oct. 15.
In other news, Bank of America is reportedly set to acquire €100M worth of real estate loans from Santander. However, it's important to mention that there is no verifiable information available about this potential deal in 2025.
At the Bank of America 30th Annual Financials CEO Conference 2025, Bank of America presented its current status. During the conference, a speaker labelled the company as a "defensive giant with limited upside," while another suggested that Bank of America is "a great business that's due for a downgrade."
In a separate development, Bank of America's CEO expressed concern about the Federal Reserve needing to be mindful of the 'inflation picture.'
For those seeking more detailed information on BAC.PR.P's dividend history, growth, and scorecard, the relevant sections are available for reference. It's also important to note that the dividend amount for BAC.PR.P is subject to withholding taxes for non-resident shareholders.
In conclusion, Bank of America has declared a quarterly dividend for its preferred shares, with the payable date set for Nov. 3. The company is also reportedly in talks to acquire real estate loans from Santander, but more information is needed to confirm this. Meanwhile, the CEO has expressed concerns about inflation, and the company's performance was met with mixed opinions at the recent CEO conference.
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