Bank of America authorizes preferred-stock dividend payments for August and September 2026

Bank of America Corporation said its board of directors has authorized regular cash dividends on outstanding shares and depositary shares of certain series of preferred stock. The announcement sets two payment windows in 2026, with dividends scheduled to be payable in August and again in September.

In the statement, the company did not frame the move as tied to earnings or capital levels. Instead, it presented the authorization as the next step in the routine dividend process for its preferred capital, a segment of its balance sheet designed to pay fixed, regularly scheduled dividends to holders.

Preferred stock is a hybrid form of equity that typically offers dividend payments that are set by the stock’s terms, rather than varying with common-share performance. For investors, those payments can be a steady income stream. For issuers like Bank of America, maintaining timely preferred dividends is part of managing obligations tied to that capital structure.

The disclosure indicates that dividends will be paid on “outstanding shares or depositary shares” of the relevant preferred series, but the brief posted text provided for this report does not include the dividend amounts, the specific series identifiers, or the record dates that determine who receives the payments.

Because those details are not included in the available announcement text, it is not possible to say from this report which exact series are involved, or how much investors will receive per share or depositary share for each payment date.

Market participants typically track preferred dividends as one announcement of the bank’s ongoing capital and funding discipline. While common dividends and buybacks are often the focus of headlines, preferred dividends are contractual in nature and are therefore closely watched for continuity.

Investors and other counterparties will likely look for follow-on filings or the full dividend table, which normally specifies the series, the declared dividend rate, and the relevant record and payment dates. Those specifics would clarify the total cash obligation Bank of America expects to make for the August and September payments.