---
title: "Bank of America's Preferred Stock, Series LL Shares Cross 6% Yield Mark"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278435888.md"
description: "Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (BAC.PRN) has crossed the 6% yield mark, trading at $20.74 with an annualized dividend of $1.25. This yield is below the average of 6.56% in the Financial category. BAC.PRN is at a 16.16% discount to its liquidation preference, compared to the average discount of 10.83%. The shares are non-cumulative, meaning missed payments do not need to be paid before resuming common dividends. On Monday, BAC.PRN was down 0.4%, while common shares (BAC) fell 3.1%."
datetime: "2026-03-09T19:05:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278435888.md)
  - [en](https://longbridge.com/en/news/278435888.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278435888.md)
---

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# Bank of America's Preferred Stock, Series LL Shares Cross 6% Yield Mark

In trading on Monday, shares of Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (Symbol: BAC.PRN) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.74 on the day. This compares to an average yield of 6.56% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BAC.PRN was trading at a 16.16% discount to its liquidation preference amount, versus the average discount of 10.83% in the "Financial" category. Investors should keep in mind that the shares are not _cumulative_, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

Below is a dividend history chart for BAC.PRN, showing historical dividend payments on Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL :

* * *

**Free Report: Top 8%+ Dividends (paid monthly)**

In Monday trading, Bank of America Corp's 5.000% Non-Cumulative Preferred Stock, Series LL (Symbol: BAC.PRN) is currently off about 0.4% on the day, while the common shares (Symbol: BAC) are off about 3.1%.

 Click here to find out the 50 highest yielding preferreds »

##### Also see:

• Institutional Holders of CGVV  
• EIGR Options Chain  
• Funds Holding ELWT

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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