Business Wire | Jul 21, 2021 04:15PM EDT

Bank of America Increases Common Stock Dividend 17 Percent

Jul. 21, 2021

CHARLOTTE, N.C.--(BUSINESS WIRE)--Jul. 21, 2021--Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.21 per share, up 17 percent from the prior quarter. The dividend is payable on September 24, 2021 to shareholders of record as of September 3, 2021.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on October 25, 2021 to shareholders of record as of October 15, 2021.

Bank of America Bank of America is one of the world's leading 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 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, 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 households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email news alerts.

www.bankofamerica.com

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CONTACT: Investors May Contact: Lee McEntire, Bank of America Phone: 1.980.388.6780 lee.mcentire@bofa.com

CONTACT: Jonathan Blum, Bank of America (Fixed Income) Phone: 1.212.449.3112 jonathan.blum@bofa.com

CONTACT: Reporters May Contact: Jerry Dubrowski, Bank of America Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile) jerome.f.dubrowski@bofa.com

CONTACT: Christopher P. Feeney, Bank of America Phone: 1.980.386.6794 christopher.feeney@bofa.com