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Bank of America (BAC) Dividend Yield, Date & History

Bank of America logo
$43.61 -0.56 (-1.27%)
(As of 02:46 PM ET)

Bank of America Dividend Summary

Dividend Yield
2.38%
Annual Dividend
$1.04
Next
Dividend Payment
Dec. 27
Dividend Increase
Track Record
11 Years
Annualized 3-Year
Dividend Growth
8.51%
Dividend Payout Ratio
37.82%

Bank of America (BAC) pays an annual dividend of $1.04 per share, with a dividend yield of 2.38%. The next quarterly payment of $0.26 per share is scheduled for Friday, December 27, to investors who owned the stock before the ex-dividend date of Friday, December 6. BAC has grown its dividend for 11 consecutive years, with an average annual increase of 2.76%. The company currently pays out 37.82% of its earnings and 27.83% of its cash flow as dividends.

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BAC Dividend Payments by Quarter

The chart below displays up to four years of Bank of America's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

BAC Dividend Yield Over Time

The chart below tracks Bank of America's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Bank of America vs. The Competition

Compare Bank of America's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeBank of AmericaFinance CompaniesNYSE Companies
Annual Dividend$1.04$0.02$1.39
Dividend Yield2.38%5.68%3.65%
Annualized 3-Year Dividend Growth8.51%12.89%15.75%
Track Record11 years18 years25 years

Bank of America Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings37.82%
Based on This Year's Estimate31.80%
Based on Next Year's Estimate28.49%
Based on Cashflow27.76%

Bank of America Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/16/2024quarterly$0.26 - 2.43%12/6/202412/6/202412/27/2024
7/24/2024quarterly$0.26+$0.02
8.33%
2.46%9/6/20249/6/20249/27/2024
4/25/2024quarterly$0.24 - 2.53%6/7/20246/7/20246/28/2024
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1/31/2024quarterly$0.24 - 2.82%2/29/20243/1/20243/29/2024
10/18/2023quarterly$0.24 - 3.52%11/30/202312/1/202312/29/2023
7/19/2023quarterly$0.24+$0.02
9.09%
3.04%8/31/20239/1/20239/29/2023
4/26/2023quarterly$0.22 - 3.09%6/1/20236/2/20236/30/2023
2/1/2023quarterly$0.22 - 2.45%3/2/20233/3/20233/31/2023

This table shows Bank of America's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Bank of America Dividend - Frequently Asked Questions

The current dividend yield for Bank of America is 2.38%. Learn more on BAC's dividend yield history.

The annual dividend for BAC shares is $1.04. Learn more on BAC's annual dividend history.

Bank of America pays quarterly dividends to shareholders.

Bank of America's next quarterly dividend payment of $0.26 per share will be made to shareholders on Friday, December 27, 2024.

Bank of America's most recent quarterly dividend payment of $0.26 per share was made to shareholders on Friday, September 27, 2024.

Bank of America's most recent ex-dividend date was Friday, December 6, 2024.

Over the past three years, the company's dividend has grown by an average of 8.51% per year.

Bank of America has increased its dividend for the past 11 consecutive years.

The most recent change in the company's dividend was an increase of $0.02 on Wednesday, July 24, 2024.

The dividend payout ratio for BAC is:
  • 37.82% based on the trailing year of earnings
  • 31.80% based on this year's estimates
  • 28.49% based on next year's estimates
  • 27.76% based on cash flow

Bank of America's dividend yield of 2.31% is lower than the average Finance company that issues a dividend. The company's 11 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Bank of America's dividend payout ratio of 37.82% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Bank of America stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:BAC) was last updated on 12/23/2024 by MarketBeat.com Staff
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