Bank of America Corporation
NEOE:BOFA Stock Report
Bank of America Dividends and Buybacks
Dividend criteria checks 5/6
Bank of America is a dividend paying company with a current yield of 2.26% that is well covered by earnings.
Key information
| Total Shareholder Yield | 5.3% |
| Future Dividend Yield | 2.6% |
| Dividend Growth | 9.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$1.431 |
| Payout ratio | 35% |
Recent dividend and buyback updates
Stability and Growth of Payments
Stable Dividend: BOFA's dividends per share have been stable in the past 10 years.
Growing Dividend: BOFA's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Bank of America Dividend Yield vs Market |
|---|
How does BOFA dividend yield compare to the market?| Segment | Dividend Yield |
|---|
| Company (BOFA) | 2.3% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Banks) | 4.2% |
| Analyst forecast (BOFA) (up to 3 years) | 2.6% |
Notable Dividend: BOFA's dividend (2.26%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: BOFA's dividend (2.26%) is low compared to the top 25% of dividend payers in the Canadian market (6.1%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.4%), BOFA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BOFA's dividends in 3 years are forecast to be well covered by earnings (33.3% payout ratio).
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