Bank of America Dividend
Dividend criteria checks 5/6
Bank of America is a dividend paying company with a current yield of 2.3% that is well covered by earnings.
Key information
2.3%
Dividend yield
34%
Payout ratio
Industry average yield | 4.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CA$1.310 |
Earnings per share | CA$2.94 |
Dividend yield forecast in 3Y | 2.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
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 |
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Segment | Dividend Yield |
---|---|
Company (BOFA) | 2.3% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.3% |
Industry Average (Banks) | 4.7% |
Analyst forecast in 3 Years (BOFA) | 2.8% |
Notable Dividend: BOFA's dividend (2.3%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: BOFA's dividend (2.3%) is low compared to the top 25% of dividend payers in the Canadian market (6.31%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.5%), 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 (32.3% payout ratio).