# Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations (MER-PK): Dividend & Fundamentals

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- Sector: Financial Services · Industry: Banks
- Exchange: NYSE · Trading currency: USD

Represents Income Capital Obligation Notes originally issued by Merrill Lynch & Co., Inc. and now an obligation of Bank of America Corporation following its acquisition of Merrill Lynch. In October 2018, the outstanding trust preferred securities of Merrill Lynch Capital Trust I were exchanged for these underlying notes. The notes pay interest at a fixed rate of 6.45% per annum and have a maturity date of December 15, 2066.

## Quote & Key Metrics

As of 2026-10-28:

| Metric | Value |
|---|---|
| Price | $23.02 USD |
| Market Cap | $174.52B |
| P/E (TTM) | 5.28 |
| EPS (TTM) | $4.36 |
| 52-Week Range | $21.01 – $27.50 |
| Dividend Yield (TTM) | — |

## Dividend

| Metric | Value |
|---|---|
| Yield (TTM) | — |
| Annual Dividend (TTM) | — /share |
| Annual Dividend (Forward) | — /share |
| Frequency | Quarterly |
| Consecutive Growth Streak | 0 years |
| Growth CAGR 1Y / 3Y / 5Y / 10Y | — / — / — / — |
| Payout Ratio (EPS, TTM) | — |
| Payout Ratio (FCF, TTM) | — |
| Payout Ratio (EPS, forward dividend) | — |
| Payout Ratio (FCF, forward dividend) | — |

## Frequently Asked Questions

### What does Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations do?

Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations (MER-PK) operates in the Banks industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

### Does MER-PK pay a dividend?

No, Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations (MER-PK) is not currently paying a dividend. Its last ex-dividend date was December 12, 2016 ($0.40 per share), and no payment has been declared since. The full historical payment record is on the Dividend tab.

### How often did MER-PK pay dividends?

Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations paid dividends quarterly until 2016; nothing has been declared since. Each historical ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is MER-PK's payout ratio?

Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations's payout ratio is the percentage of earnings (and free cash flow) returned to shareholders as dividends. Current EPS and FCF coverage are shown in the payout cards above, with green / amber / red coloring indicating sustainability.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/stocks/mer-pk
- Dividend history & safety: https://www.dividenddata.com/stocks/mer-pk/dividend
- Earnings & EPS: https://www.dividenddata.com/stocks/mer-pk/earnings
- Financial statements: https://www.dividenddata.com/stocks/mer-pk/financials/income
- Valuation multiples: https://www.dividenddata.com/stocks/mer-pk/valuation
- Peer comparison: https://www.dividenddata.com/stocks/mer-pk/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.