Bank of America Increases Common Stock Dividend

<br /> Bank of America Increases Common Stock Dividend<br />

PR Newswire

CHARLOTTE, N.C.

,

July 20, 2022

/PRNewswire/ — Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of

$0.22

per share, up

$0.01

from the prior quarter. The dividend is payable on

September 30, 2022

to shareholders of record as of

September 2, 2022

.

The Board also declared a regular quarterly cash dividend of

$1.75

per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on

October 25, 2022

to shareholders of record as of

October 11, 2022

.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in

the United States

, serving approximately 67 million consumer and small business clients with approximately 4,000 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 55 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across

the United States

, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the

Bank of America newsroom

and

register

for email news alerts.

www.bankofamerica.com

Investors May Contact:

Lee McEntire

, Bank of America

Phone: 1.980.388.6780

[email protected]

Jonathan G. Blum

, Bank of America (Fixed Income)

Phone: 1.212.449.3112

[email protected]

Reporters May Contact:

Christopher P. Feeney

, Bank of America

Phone: 1.980.386.6794

[email protected]