Cash Dividend On The Way From Bank of America's Preferred Stock, Series LL

Bank of America’s 5.000% Non-Cumulative Preferred Stock, Series LL (BAC.PRN) will trade ex-dividend on 6/1/26 for a quarterly dividend of $0.3125, payable on 6/17/26. Based on the recent share price of $20.31, the dividend implies an annualized yield of roughly 6.2%. The item is routine dividend scheduling news with limited expected market impact.

Analysis

Bank of America’s 5.000% Non-Cumulative Preferred Stock, Series LL (BAC.PRN) will trade ex-dividend on 6/1/26 for a quarterly dividend of $0.3125, payable on 6/17/26. Based on the recent share price of $20.31, the dividend implies an annualized yield of roughly 6.2%. The item is routine dividend scheduling news with limited expected market impact.