Bank of America Dividends and Buybacks
Dividend criteria checks 4/6
Bank of America is a dividend paying company with a current yield of 2.23% that is well covered by earnings. Next payment date is on 27th December, 2024 with an ex-dividend date of 6th December, 2024.
Key information
2.2%
Dividend yield
2.9%
Buyback Yield
| Total Shareholder Yield | 5.1% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | 9.4% |
| Next dividend pay date | 27 Dec 24 |
| Ex dividend date | 06 Dec 24 |
| Dividend per share | US$1.040 |
| Payout ratio | 35% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BAC's dividends per share have been stable in the past 10 years.
Growing Dividend: BAC's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Bank of America Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (BAC) | 2.2% |
| Market Bottom 25% (CL) | 3.4% |
| Market Top 25% (CL) | 9.3% |
| Industry Average (Banks) | 5.3% |
| Analyst forecast (BAC) (up to 3 years) | 2.5% |
Notable Dividend: BAC's dividend (2.23%) isn’t notable compared to the bottom 25% of dividend payers in the CL market (3.37%).
High Dividend: BAC's dividend (2.23%) is low compared to the top 25% of dividend payers in the CL market (9.25%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.4%), BAC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAC's dividends in 3 years are forecast to be well covered by earnings (33.3% payout ratio).