Bank of America's Preferred Stock, Series L About To Put More Money In Your Pocket

Ex-dividend on 2026-04-01: Bank of America's 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (BAC.PRL) pays a quarterly dividend of $18.125, payable 2026-04-30. At the recent share price of $1,192.30 this equals ~1.52% of price (152 bps) for the quarter, or ~6.08% annualized; routine dividend event with minimal market impact.

Analysis

Ex-dividend on 2026-04-01: Bank of America's 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (BAC.PRL) pays a quarterly dividend of $18.125, payable 2026-04-30. At the recent share price of $1,192.30 this equals ~1.52% of price (152 bps) for the quarter, or ~6.08% annualized; routine dividend event with minimal market impact.