Bank of America Announces Quarterly Dividend for Series GG Preferred Stock

Bank of America Corp has confirmed the upcoming distribution of its quarterly dividend for the Series GG non-cumulative preferred stock, traded under the symbol BAC.PRB. Shareholders of this specific security are slated to receive a payment of $0.375 per share. The security is scheduled to trade ex-dividend on May 1, 2026. This date serves as the cutoff for investors to be eligible for the current dividend payment, as shares traded on or after this date will not carry the right to the distribution. The Series GG preferred stock carries a 6.000% non-cumulative rate. In recent trading, the preferred shares (BAC.PRB) saw a marginal decline of approximately 0.2%, while the company's common shares (BAC) decreased by roughly 0.6%. From a broader portfolio perspective, Bank of America remains a significant component of certain specialized funds. For instance, the AGF U.S. Market Neutral Anti-Beta Fund ETF (BTAL) maintains a 22.27% allocation to the company, though the ETF's price remained relatively unchanged following the announcement. This routine payout is consistent with the bank's established dividend history for its preferred equity instruments and is not expected to trigger significant volatility in the common stock or the broader banking sector.