Charlotte, NC – October 17, 2025 – Bank of America Corporation (NYSE: BAC) has once again demonstrated its robust financial health and unwavering commitment to its shareholders by declaring a series of preferred stock dividends with payouts scheduled throughout November 2025. These routine yet significant declarations underscore the bank's consistent performance and ability to generate stable returns for investors, particularly those holding its preferred equity.

The announcements, primarily made on October 17, 2025, with some earlier declarations on September 19, 2025, cover a diverse range of fixed and floating-rate preferred stock series. For preferred shareholders, these payouts represent a reliable income stream, reinforcing confidence in one of the nation's largest financial institutions. While individual preferred stock dividend declarations rarely trigger dramatic market shifts, their regularity is a key indicator of a company's financial stability and strategic capital management.

Detailed Coverage of Bank of America's November 2025 Preferred Dividend Schedule

Bank of America's Board of Directors has authorized the payment of regular cash dividends on numerous preferred stock series, ensuring a steady flow of income to its preferred stockholders. The declarations highlight a meticulous approach to capital distribution, aligning with the bank's long-standing history of shareholder returns.

Key details of the preferred stock series with upcoming November 2025 payment dates include:

• 4.375% Non-Cumulative Preferred Stock, Series NN: Dividend of $0.2734375 per depositary share, declared September 19, 2025, with a record date of October 15, 2025, and payment on November 3, 2025.
• 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO: Dividend of $16.5625000 per share, declared September 19, 2025, with a record date of October 15, 2025, and payment on November 3, 2025.
• 4.125% Non-Cumulative Preferred Stock, Series PP: Dividend of $0.2578125 per depositary share, declared September 19, 2025, with a record date of October 15, 2025, and payment on November 3, 2025.
• Floating Rate Non-Cumulative Preferred Stock, Series E: Dividend of $0.30814 per depositary share, declared October 17, 2025, with a record date of October 31, 2025, and payment on November 17, 2025.
• 6.000% Non-Cumulative Preferred Stock, Series GG: Dividend of $0.3750000 per depositary share, declared October 17, 2025, with a record date of November 1, 2025, and payment on November 17, 2025.
• 4.250% Non-Cumulative Preferred Stock, Series QQ: Dividend of $0.2656250 per depositary share, declared October 17, 2025, with a record date of November 1, 2025, and payment on November 17, 2025.
• 4.750% Non-Cumulative Preferred Stock, Series SS: Dividend of $0.2968750 per depositary share, declared October 17, 2025, with a record date of November 1, 2025, and payment on November 17, 2025.
• Floating Rate Non-Cumulative Preferred Stock, Series 5: Dividend of $0.31795 per depositary share, declared October 17, 2025, with a record date of November 1, 2025, and payment on November 21, 2025.
• Floating Rate Non-Cumulative Preferred Stock, Series 1: Dividend of $0.32604 per depositary share, declared October 17, 2025, with a record date of November 15, 2025, and payment on November 28, 2025.
• Floating Rate Non-Cumulative Preferred Stock, Series 2: Dividend of $0.32689 per depositary share, declared October 17, 2025, with a record date of November 15, 2025, and payment on November 28, 2025.
• Floating Rate Non-Cumulative Preferred Stock, Series 4: Dividend of $0.33328 per depositary share, declared October 17, 2025, with a record date of November 15, 2025, and payment on November 28, 2025.

These declarations, made well in advance of the payment dates, provide clarity and predictability for investors. Most of these preferred stock series are represented by depositary shares, a common practice that makes them more accessible to individual investors. The consistent nature of these payouts, extending Bank of America's remarkable 55-year streak of dividend payments, reinforces the bank's reputation as a reliable income provider.

While the market's immediate reaction to these specific preferred dividend announcements is typically subdued compared to major earnings reports or strategic acquisitions, the underlying message is clear: Bank of America is financially sound and committed to its capital distribution policies. This sentiment is further supported by other recent news from the bank in October 2025, including the redemption of certain senior notes and the release of its third-quarter 2025 financial results on October 15, 2025, which collectively paint a picture of a well-managed and liquid institution.

Beneficiaries and Strategic Implications

The primary beneficiaries of these dividend declarations are, without doubt, the preferred stockholders of Bank of America. These investors, often seeking stable and predictable income streams, find preferred stocks attractive due to their fixed dividend rates (or floating rates tied to benchmarks) and their seniority over common stock in receiving dividends and assets in the event of liquidation. For them, these November 2025 payouts represent a continuation of reliable returns, fulfilling the core promise of their investment.

For Bank of America itself, these regular declarations serve multiple strategic purposes. Firstly, they enhance the bank's reputation as a financially stable and shareholder-friendly entity, which can attract a broader base of income-focused investors. Secondly, by consistently meeting its preferred dividend obligations, Bank of America reinforces confidence in its liquidity and capital adequacy, crucial factors in the highly regulated banking sector. This commitment can indirectly support its common stock valuation by signaling overall financial strength and disciplined capital management.

Conversely, there are no clear "losers" in this scenario, as preferred stock dividends are a contractual obligation that Bank of America is demonstrably meeting. However, common shareholders might indirectly consider the capital allocated to preferred dividends as capital that could otherwise be used for common stock buybacks, increased common dividends, or reinvestment in growth initiatives. Yet, the existence of a robust preferred stock base often contributes to a more stable capital structure overall, benefiting all shareholders in the long run.

Wider Significance in the Financial Landscape

Bank of America's consistent preferred stock dividend declarations are more than just routine payments; they are a bellwether for broader trends within the financial industry. In an environment where interest rates and economic outlooks can shift, a major financial institution's ability to maintain regular preferred dividends signals underlying stability and effective risk management. This reflects positively not only on Bank of America but also on the overall health of the U.S. banking sector.

These actions fit into broader industry trends emphasizing shareholder returns while navigating a complex regulatory landscape. Banks are under constant scrutiny to maintain adequate capital buffers, and the ability to pay out dividends suggests that Bank of America is comfortably meeting these requirements. This compliance with regulatory mandates, such as those set by the Federal Reserve, is critical for operational stability and investor confidence.

The ripple effects extend to competitors and partners. Other financial institutions observe how peers manage their capital and shareholder distributions. Bank of America's reliable payouts set a high standard, potentially influencing the dividend policies of other large banks. Historically, consistent dividend payers, especially in the financial sector, are often viewed as more resilient and less prone to unexpected financial distress. Bank of America's impressive 55-year dividend history serves as a powerful historical precedent, demonstrating its enduring capacity to generate and distribute profits through various economic cycles.

What Comes Next: Outlook and Opportunities

Looking ahead, the November 2025 preferred stock dividend payouts from Bank of America signal a continuation of the bank's established capital return policy. In the short term, preferred shareholders can expect these predictable income streams to persist, providing a reliable component to their investment portfolios. This consistency is particularly valuable in periods of market volatility, offering a degree of stability that can be attractive to conservative investors.

For Bank of America, the ongoing ability to meet these obligations reinforces its strategic position. It suggests that the bank's earnings power and liquidity remain strong, enabling it to manage its various liabilities and capital requirements effectively. In the long term, investors should monitor Bank of America's broader capital allocation strategy, including its common stock dividends, share repurchase programs, and investments in technology and business expansion. These elements collectively dictate the bank's future growth trajectory and shareholder value creation.

Potential strategic pivots or adaptations might emerge from shifts in the interest rate environment, which can impact the profitability of floating-rate preferred stocks. However, Bank of America's diversified portfolio of both fixed and floating-rate preferred issues demonstrates a balanced approach. Market opportunities may arise for investors seeking stable income, especially if broader market uncertainty drives demand for less volatile assets like preferred shares. Challenges could include unexpected economic downturns or significant regulatory changes that might pressure bank profitability and capital. Nevertheless, the current outlook suggests a steady course for Bank of America's preferred dividends.

A Comprehensive Wrap-Up: Stability in a Dynamic Market

The declaration of preferred stock dividends by Bank of America Corporation (NYSE: BAC) for November 2025, while a regular occurrence, serves as a crucial affirmation of the bank's financial stability and its commitment to returning value to its shareholders. These payouts are not merely transactions; they are a testament to robust financial management, strong liquidity, and a well-defined capital allocation strategy.

The key takeaway for investors is the reliability and predictability offered by Bank of America's preferred stock. In a financial market that can often be characterized by uncertainty and rapid change, the consistent income provided by these dividends offers a valuable anchor for income-focused portfolios. Bank of America's long-standing history of dividend payments further solidifies its position as a trustworthy investment for those prioritizing steady returns.

Moving forward, investors should continue to watch Bank of America's overall financial performance, particularly its quarterly earnings reports, capital ratios, and any further announcements regarding its dividend policies for both preferred and common stock. The bank's ability to navigate the evolving economic landscape, adapt to regulatory changes, and sustain its profitability will ultimately dictate the lasting impact and continued significance of these routine but essential financial declarations.

This content is intended for informational purposes only and is not financial advice