Bank of America's Preferred Stock, Series LL Shares Cross 6% Yield Mark

Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (BAC.PRN) was yielding above 6% on Monday based on a quarterly dividend annualized to $1.25, with shares trading as low as $20.74 (implied yield ≈ 6.03%). The note is a non-cumulative preferred security, and the move reflects market pricing of yield relative to the fixed dividend rather than corporate action or guidance. This is a security-specific price/yield observation likely of interest to income-focused investors and preferred market traders.

Analysis

Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (BAC.PRN) was yielding above 6% on Monday based on a quarterly dividend annualized to $1.25, with shares trading as low as $20.74 (implied yield ≈ 6.03%). The note is a non-cumulative preferred security, and the move reflects market pricing of yield relative to the fixed dividend rather than corporate action or guidance. This is a security-specific price/yield observation likely of interest to income-focused investors and preferred market traders.