Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL Goes Ex-Dividend Soon

On 8/31/20, Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (Symbol: BAC.PRN) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 9/17/20. As a percentage of BAC.PRN's recent share price of $27.14, this dividend works out to approximately 1.15%, so look for shares of BAC.PRN to trade 1.15% lower — all else being equal — when BAC.PRN shares open for trading on 8/31/20. On an annualized basis, the current yield is approximately 4.62%, which compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of BAC.PRN shares, versus BAC:

Below is a dividend history chart for BAC.PRN, showing historical dividends prior to the most recent $0.3125 on Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL :

In Thursday trading, Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (Symbol: BAC.PRN) is currently up about 0.2% on the day, while the common shares (Symbol: BAC) are up about 1.7%.

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