Bank of America Corp's Non-Cumulative Preferred Stock, Series GG About To Put More Money In Your Pocket

On 7/30/20, Bank of America Corp's 6.000% Non-Cumulative Preferred Stock, Series GG (Symbol: BAC.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 8/17/20. As a percentage of BAC.PRB's recent share price of $27.48, this dividend works out to approximately 1.36%, so look for shares of BAC.PRB to trade 1.36% lower — all else being equal — when BAC.PRB shares open for trading on 7/30/20. On an annualized basis, the current yield is approximately 5.46%, which compares to an average yield of 5.63% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of BAC.PRB shares, versus BAC:

Below is a dividend history chart for BAC.PRB, showing historical dividends prior to the most recent $0.375 on Bank of America Corp's 6.000% Non-Cumulative Preferred Stock, Series GG :

In Tuesday trading, Bank of America Corp's 6.000% Non-Cumulative Preferred Stock, Series GG (Symbol: BAC.PRB) is currently trading flat on the day, while the common shares (Symbol: BAC) are up about 0.6%.

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