Bank of America Corp (NYSE: BAC) announced that its board of directors has authorized dividends on varying classifications of its preferred stock. Here are the list of dividends as told by the company in its press release:
“A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on December 14, 2010 to shareholders of record as of November 30, 2010.
A quarterly cash dividend of $0.255560 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on November 15, 2010 to shareholders of record as of October 29, 2010.
A quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series I, is payable on December 31, 2010 to shareholders of record as of December 15, 2010.
A quarterly cash dividend of $0.453125 per depositary share on the 7.25 percent Non-Cumulative Preferred Stock, Series J, is payable on November 1, 2010 to shareholders of record as of October 15, 2010.
A semi-annual cash dividend of $40.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M, is payable November 15, 2010 to shareholders of record as of October 31, 2010.
A quarterly cash dividend of $0.191670 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on November 29, 2010 to shareholders of record as of November 15, 2010.
A quarterly cash dividend of $0.191670 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on November 29, 2010 to shareholders of record as of November 15, 2010.
A quarterly cash dividend of $0.3984375 per depositary share on the 6.375 percent Non-Cumulative Preferred Stock, Series 3, is payable on November 29, 2010 to shareholders of record as of November 15, 2010.
A quarterly cash dividend of $0.255560 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable on November 29, 2010 to shareholders of record as of November 15, 2010.
A quarterly cash dividend of $0.255560 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 5, is payable on November 22, 2010 to shareholders of record as of November 1, 2010.
A quarterly cash dividend of $0.418750 per depositary share on the 6.70 percent Noncumulative Perpetual Preferred Stock, Series 6, is payable on December 30, 2010 to shareholders of record as of December 15, 2010.
A quarterly cash dividend of $0.390625 per depositary share on the 6.25 percent Noncumulative Perpetual Preferred Stock, Series 7, is payable on December 30, 2010 to shareholders of record as of December 15, 2010.
A quarterly cash dividend of $0.5390625 per depositary share on the 8.625 percent Non-Cumulative Preferred Stock, Series 8, is payable on November 29, 2010 to shareholders of record as of November 15, 2010.
The Merrill Lynch board of directors declared the following dividends on Merrill Lynch preferred stock:
A cash dividend of $1,150 per share on the Merrill Lynch 9 percent Mandatory Convertible Non-Cumulative Preferred Stock, Series 2, is payable on October 15, 2010 to shareholders of record as of October 5, 2010.
A cash dividend of $1,150 per share on the Merrill Lynch 9 percent Mandatory Convertible Non-Cumulative Preferred Stock, Series 3, is payable on October 15, 2010 to shareholders of record as of October 5, 2010.”
Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Commercial Banking, Global Banking & Markets, Global Wealth & Investment Management, with the remaining operations recorded in All Other.
Shares of Bank of America Corp (NYSE: BAC) traded down 1.13% during mid-day trading on Monday.
