Earning A 6-6.25% Preferred Dividend Yield With Bank of America [Seeking Alpha]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
investor.bankofamerica.com
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Source: Seeking Alpha
The FDIC Special Assessment had a negative impact on the bank's net income, but preferred dividends remain safe. The Series HH preferred shares have a fixed dividend yield of 5.98% and are currently trading below par. The Series L "busted" preferred shares appear the better choice. Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More » Introduction A portion of my portfolio is dedicated to fixed income securities to generate a steady stream of cash inflow from interest payments and preferred dividend payments. In the preferred equity segment, I usually try to buy cumulative preferred shares (so the issuer has to make preferred shareholders whole on all outstanding dividends before it can pay a single cent as a dividend on its common shares), but due to changing capital rules since the global financial crisis, the perpetual preferred equity issued by financial institutions is non-cu
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News
- The S&P 500 just flashed a bullish signal that suggests the stock market will hit record highs this summer [Yahoo! Finance]Yahoo! Finance
- 5 defensive trades to make if stagflation and hard-landing fears cause a stock sell-off, BofA says [Yahoo! Finance]Yahoo! Finance
- Teck CEO sees $3B in annual EBITDA at $5/lb copper; stock hits multiyear high [Seeking Alpha]Seeking Alpha
- Charlotte leaders announce $40 million to help minority, women-owned small businesses [Yahoo! Finance]Yahoo! Finance
- Traders Are Ready for Dollar to Drop After US Inflation Data [BNN Bloomberg (Canada)]BNN Bloomberg
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 424B2
- 5/10/24 - Form FWP
- BAC's page on the SEC website