BAC-M Bank of America Corporation ADRs of 5.375% Non-Cumulative Preferred Stock, Series KK

Holders of the Preferred Stock will be entitled to receive, only when, as, and if declared by our board of directors or a duly authorized committee of our board, and to the extent we have funds legally available for the payment of dividends, cash dividends at a rate equal to 5.375% per annum (equivalent to $1.34375 per depositary share per annum). When, as, and if declared by our board of directors or a duly authorized committee of our board, we will make the quarterly dividend payments, in arrears, on March 25, June 25, September 25, and December 25 of each year beginning on September 25, 2019. We may at our option redeem the Preferred Stock at any time on or after June 25, 2024, in whole or in part, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any accrued and unpaid dividends for the then-current dividend period to, but excluding, the redemption date, without accumulation of any undeclared dividends  This security was issued by Bank of America Corp, whose common stock symbol is BAC.

$22.93  +0.12 (0.53%)
As of 06/30/2022 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  06/18/2019
Outstanding shares:  53,000,000
Average volume:  112,132
Market cap:   $1,206,810,000
Current dividend yield:  5.90%    calculation
Coupon rate:    5.375%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   06/25/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BJN6RX9

2022 © Stock Market MBA, Inc. Terms of use | Privacy policy