Bank of America authorizes preferred-stock dividends for July and August 2026

Bank of America has authorized regular cash dividends on its outstanding preferred stock, setting payment dates for July and August 2026, according to an announcement circulated in financial markets coverage on June 11, 2026.

The declaration states that the Board of Directors has approved dividends on the outstanding shares or depositary shares of specified series of preferred stock. Depositary shares are securities that represent an ownership interest in a smaller fraction of a preferred share, typically used to make certain preferred issues easier to trade.

The company said the dividends would be payable in July 2026 and August 2026, aligning the payments across the relevant preferred series rather than paying them on a single consolidated schedule.

As of the announcement date, the key details provided in the market coverage focus on the authorization and timing of the payments, rather than a broad policy statement about capital or dividend strategy. The disclosure is framed as a routine board action tied to the preferred stock terms.

Preferred dividends are typically contractual in nature because they are tied to the specific preferred stock series’ dividend rates and payment schedules established when the securities were issued. For investors, that means the declaration date is often less about changing business strategy and more about confirming that the scheduled distribution will proceed.

Bank of America, like other large U.S. banks, uses a mix of common equity and preferred securities to meet funding needs and manage its capital structure. Preferred stock can be an important source of capital because it generally pays dividends rather than requiring interest payments like debt, which can affect how a bank manages earnings volatility.

In the June 11 market coverage, the announcement is described at a high level. The post does not provide dividend amounts, the exact names of each preferred series, or the specific number of shares or depositary shares outstanding for those series in the portion available here.

That means readers should treat any implications about total dividend cash outflows as limited until the company’s full preferred-stock declaration details are reviewed, including the dividend per share or depositary share and which series carry the July versus August payment dates.

Going forward, the next items to watch are the full dividend rate breakdowns by preferred series once they are published in complete form, and whether the bank’s broader capital and capital-return messaging in subsequent regulatory reports and earnings updates reflects any shift in preferred issuance or redemption plans.