Bank of America Pfd Shs Series L Announces $18.12 Quarterly Dividend
Bank of America Preferred Shares Series L (BAC.PR.L) has declared a quarterly dividend of $18.12 per share, payable on October 30 to shareholders of record as of October 1. The ex-dividend date is also set for October 1. This announcement reflects the company's ongoing commitment to its preferred equity holders and aligns with historical patterns seen in BAC.PR.L’s dividend practices. Investors can expect a consistent yield from this series, which has been highlighted by analysts as an attractive alternative yielding up to 6.6% compared to Treasuries. The move comes amid broader trends in the U.S. banking sector, including rising prime rates and signs of increased credit card delinquencies reported for August.
Tickers: $BAC
Topics: banking dividends preferred_shares