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Banks (Finance)

Bank of America Declares Dividends, Approves $40 Billion Stock Buyback Program

Strategic Insights

— 2 min read

Bank of America's board of directors has declared a quarterly cash dividend of USD0.28 per share on its common stock, a USD0.02 increase over the prior quarter. The dividend is payable on September 26, 2025, to shareholders of record as of September 5, 2025. Additionally, the board has declared a quarterly cash dividend of USD1.75 per share on the 7.0 percent series B cumulative redeemable preferred stock, payable on October 24, 2025, to shareholders of record as of October 10, 2025. The company has also approved a new $40 billion common stock repurchase program, effective August 1, 2025, which will replace the current program. As of June 30, 2025, the current program had approximately $9.1 billion in common stock repurchases remaining.

Key Takeaways:

  • Bank of America's board of directors declared a quarterly cash dividend of USD0.28 per share on its common stock, representing an increase of USD0.02 per share over the prior quarter.
  • The dividend is payable on September 26, 2025, to shareholders of record as of September 5, 2025.
  • A quarterly cash dividend of USD1.75 per share was declared on the 7.0 percent series B cumulative redeemable preferred stock, payable on October 24, 2025, to shareholders of record as of October 10, 2025.
  • Bank of America has approved a new $40 billion common stock repurchase program, effective August 1, 2025, replacing the current program.
  • As of June 30, 2025, the current program had approximately $9.1 billion in common stock repurchases remaining.
  • The new program allows for repayments to be made through open market purchases or privately negotiated transactions, with the timing and amount of repurchases subject to various factors, including the company's capital position and regulatory requirements.
  • The program may be suspended at any time by the company without prior notice.

Statistics:

  • USD0.28 per share, the quarterly cash dividend on Bank of America's common stock.
  • USD0.02, the increase in dividend per share over the prior quarter.
  • USD1.75 per share, the quarterly cash dividend on the 7.0 percent series B cumulative redeemable preferred stock.
  • $40 billion, the size of the new common stock repurchase program approved by Bank of America.
  • $9.1 billion, the amount of common stock repurchases remaining in the current program as of June 30, 2025.

Sources:

  • Bank of America Corporation (NYSE: BAC)
  • M2 EQUITYBITES-July 25, 2025
  • Global Banking News - 25 July 2025
  • http://www.m2.co.uk
  • gbn@enpublishing.co.uk (Editorial queries)
  • info@m2.co.uk (Comments)

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