--- 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) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278435888.md) | [繁體中文](https://longbridge.com/zh-HK/news/278435888.md) # 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. ### Related Stocks - [Fidelity MSCI Financials ETF (FNCL.US)](https://longbridge.com/en/quote/FNCL.US.md) - [BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL (BAC-N.US)](https://longbridge.com/en/quote/BAC-N.US.md) - [The Financial Select Sector SPDR® ETF (XLF.US)](https://longbridge.com/en/quote/XLF.US.md) - [iShares US Broker-Dealers&Secs Exchs ETF (IAI.US)](https://longbridge.com/en/quote/IAI.US.md) - [Bank of America Corporation (BAC.US)](https://longbridge.com/en/quote/BAC.US.md) - [BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25 (BML-J.US)](https://longbridge.com/en/quote/BML-J.US.md) - [Vanguard Financials ETF (VFH.US)](https://longbridge.com/en/quote/VFH.US.md) ## Related News & Research - [Is Bank Of America (BAC) Offering Value After Recent Share Price Pullback](https://longbridge.com/en/news/281472682.md) - [Bank of America Corp Stock (BAC) Moved Up by 3.53% on Mar 31: What Investors Need To Know](https://longbridge.com/en/news/281232377.md) - [Interactive Strength Converts Loan Obligations Into Preferred Equity](https://longbridge.com/en/news/281661636.md) - [Analyst IMS Investment Management Services Ltd. Has $915,000 Stock Holdings in Bank of America Corporation $BAC](https://longbridge.com/en/news/281677785.md) - [Mitchell & Pahl Private Wealth LLC Has $3 Million Stake in Bank of America Corporation $BAC](https://longbridge.com/en/news/280999654.md)