Bank of America Corporation today announced the Board of Directors has authorized dividends on preferred stock.

A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on December 14, 2011 to shareholders of record as of November 30, 2011.

A quarterly cash dividend of $0.255560 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on November 15, 2011 to shareholders of record as of October 31, 2011.

A quarterly cash dividend of $0.5125 per depositary share on the 8.20 percent Non-Cumulative Preferred Stock, Series H, is payable on November 1, 2011 to shareholders of record as of October 15, 2011.

A quarterly cash dividend of $0.4140625 per depositary share on the 6.625 percent Non-Cumulative Preferred Stock, Series I, is payable on January 2, 2012 to shareholders of record as of December 15, 2011.

A quarterly cash dividend of $0.453125 per depositary share on the 7.25 percent Non-Cumulative Preferred Stock, Series J, is payable on November 1, 2011 to shareholders of record as of October 15, 2011.

A semi-annual cash dividend of $40.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M, is payable November 15, 2011 to shareholders of record as of October 31, 2011.

A quarterly cash dividend of $0.191670 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on November 28, 2011 to shareholders of record as of November 15, 2011.

A quarterly cash dividend of $0.191670 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on November 28, 2011 to shareholders of record as of November 15, 2011.

A quarterly cash dividend of $0.3984375 per depositary share on the 6.375 percent Non-Cumulative Preferred Stock, Series 3, is payable on November 28, 2011 to shareholders of record as of November 15, 2011.

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