Bank of America 5.875% Non-Cumulative Preferred Stock, Series HH
By: Tim McPartland,
Date Issued 7/17/2018
Shares Issued 34,160,000 Overallotment Shares None
S&P Rating BBB- Moodys Rating Ba1
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Security Ticker Symbol BAC-K OTC Temp Ticker BKAML
Market Traded ON NYSE
Dividend Payment Paid on the 24th of January, April, July and October beginning on 10/24/2018
Quarterly Dividend .367 Annual Dividend 1.469
Securities may be redeemed, at the issuers option, as early as 7/24/2023 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Bank of America
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Click here to find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
