Bank of America Dividend
Dividend criteria checks 5/6
Bank of America is a dividend paying company with a current yield of 2.56% that is well covered by earnings. Next payment date is on 16th May, 2024 with an ex-dividend date of 30th April, 2024.
Key information
2.6%
Dividend yield
32%
Payout ratio
Industry average yield | 3.0% |
Next dividend pay date | 16 May 24 |
Ex dividend date | 30 Apr 24 |
Dividend per share | n/a |
Earnings per share | US$2.97 |
Dividend yield forecast in 3Y | 3.4% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BAC.PRB's dividends per share have been stable in the past 10 years.
Growing Dividend: BAC.PRB'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 (BAC.PRB) | 2.6% |
Market Bottom 25% (US) | 1.5% |
Market Top 25% (US) | 4.7% |
Industry Average (Banks) | 3.0% |
Analyst forecast in 3 Years (BAC.PRB) | 3.4% |
Notable Dividend: BAC.PRB's dividend (2.56%) is higher than the bottom 25% of dividend payers in the US market (1.55%).
High Dividend: BAC.PRB's dividend (2.56%) is low compared to the top 25% of dividend payers in the US market (4.78%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.2%), BAC.PRB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAC.PRB's dividends in 3 years are forecast to be well covered by earnings (31.6% payout ratio).