Bank of America's Pfd Shs Series L issues a dividend of $18.125
Bank of America Declares Dividend and Announces Real Estate Purchase
In a notable development, Bank of America Corporation (BAC) took centre stage at the Bank of America 30th Annual Financials CEO Conference 2025. During the conference, the CEO expressed a note of caution about the need for the Federal Reserve to be vigilant regarding the 'inflation picture'.
A significant announcement was made regarding the BAC.PR.L preferred shares. Bank of America declared a dividend of 18.125 USD per share for BAC.PR.L preferred shareholders, payable on October 30, 2025. This declaration followed the announcement of a quarterly dividend of $18.125 per share for the same series of preferred shares.
The ex-dividend date for BAC.PR.L shares was set as October 1. Shareholders of record as of this date will be eligible to receive the dividend. For those seeking additional information about the BAC.PR.L Dividend Scorecard, Yield Chart, and Dividend Growth, further details can be found.
In other news, Bank of America is reported to have purchased €100M of real estate loans from Santander, marking a strategic expansion in their portfolio.
Financial analysts at the conference suggested that Bank of America, in its current form, represents a defensive giant with limited upside. However, the bank's continued focus on shareholder dividends and strategic acquisitions underscores its commitment to growth and value creation.
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