Bank of America Announces $0.3672 Quarterly Dividend for Preferred Shares Series HH
Bank of America has declared a quarterly dividend of $0.3672 per share on its non-cumulative perpetual redeemable preferred shares, series HH (BAC.PR.K). The dividend is payable to shareholders of record as of October 1 and will be distributed on October 26. This announcement provides investors with an update on the company's ongoing commitment to returning value through dividends. The declaration comes amid broader discussions around Bank of America’s valuation, its performance in credit card delinquencies, and shifts in U.S. banking interest rates. The preferred shares have historically offered a high yield alternative for income-focused investors seeking alternatives to Treasuries.
Tickers: $BAC
Topics: dividends preferred_shares