Bank of America Boosts Common Stock Dividend 8% and Authorizes $40 Billion Repurchase Program

Bank of America Corporation announced that its Board of Directors declared a regular quarterly cash dividend on common stock of $0.28 per share, representing an increase of $0.02 from the prior quarter [1]. This move brings the dividend up 8% [1]. Additionally, the Board authorized a stock repurchase program totaling $40 billion [1]. The common stock dividend is scheduled to be payable on September 26, 2025, to shareholders of record as of September 5, 2025 [1]. Furthermore, the Board declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on October 24, 2025, to shareholders of record as of October 10, 2025 [1].

Capital return authorizations of this scale reflect significant strategic decisions by major financial institutions regarding capital allocation and balance sheet management. By simultaneously elevating the common stock dividend and putting a $40 billion repurchase authorization in place, the institution is directly altering its distribution profile to equity holders [1]. Concurrently, the corporation has remained active in other strategic initiatives, such as directing $250,000 in philanthropic capital to the American Red Cross for fire recovery efforts, and entering into a joint agreement with Jio Financial Services Limited to acquire up to 49.9% in Jio Credit Limited [1].

Shareholders of record as of September 5, 2025, will receive the increased quarterly cash dividend of $0.28 per share when it is paid on September 26, 2025 [1]. Holders of the 7% Cumulative Redeemable Preferred Stock, Series B, are set to receive $1.75 per share on October 24, 2025, for shareholders of record on October 10, 2025 [1]. The $40 billion stock repurchase authorization also establishes a framework for potential future share buybacks by the corporation [1].

While capital return programs provide cash flow and reduce share counts, large-scale repurchases and higher dividend commitments involve significant cash outflows. Financial institutions operate in dynamic macroeconomic and regulatory environments where capital adequacy requirements can shift, and funds allocated toward large buybacks and increased dividend payouts reduce the flexibility of cash deployment for other corporate priorities or unexpected financial strain.

• Bank of America raised its quarterly common stock dividend by $0.02 to $0.28 per share, marking an 8% increase [1].
• The Board of Directors authorized a $40 billion stock repurchase program [1].
• The common stock dividend is payable on September 26, 2025, to shareholders of record as of September 5, 2025 [1].
• A regular quarterly cash dividend of $1.75 per share was declared on the 7% Cumulative Redeemable Preferred Stock, Series B [1].
• The corporation also engaged in external activities, including a joint venture agreement with Jio Financial Services Limited and philanthropic contributions [1].

• Jio Financial Services Limited

- Question: What is the new quarterly common stock dividend amount for Bank of America? Answer: The regular quarterly cash dividend on common stock was increased by $0.02 to $0.28 per share [1]. - Question: How large is the newly authorized stock repurchase program? Answer: The Board authorized a stock repurchase program of $40 billion [1]. - Question: When is the increased common stock dividend payable? Answer: The common stock dividend is payable on September 26, 2025, to shareholders of record as of September 5, 2025 [1]. - Question: What are the details for the preferred stock dividend? Answer: The Board declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on October 24, 2025, to shareholders of record as of October 10, 2025 [1].