Bank of America Dividends and Buybacks
Dividend criteria checks 5/6
Bank of America is a dividend paying company with a current yield of 2.35% 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
2.4%
Dividend yield
3.1%
Buyback Yield
| Total Shareholder Yield | 5.4% |
| Future Dividend Yield | 2.7% |
| 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
Bank of America's (NYSE:BAC) Upcoming Dividend Will Be Larger Than Last Year's
Aug 12
Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.26
Jul 28Recent updates
Bank of America: Buy Now For Increased Dividends
Dec 11Bank of America: Bull Rally Strength Continues (Technical Analysis)(Rating Upgrade)
Nov 10Bank of America: We May Have Already Seen The Top
Oct 27Bank of America Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Oct 17Bank of America Q3 Earnings: Net Interest Income Finally Rose
Oct 16Buffett Selling Bank Of America Is A Warning
Oct 10Trimming Bank of America Is Good For Buffett, Not Us
Sep 23Bank of America: Triple Whammy Ahead
Sep 14Ten Reasons That Likely Motivated Buffett To Sell Bank Of America Stock
Sep 03Bank of America: Potential Net Interest Income Trough Strengthens Outlook
Aug 23Bank of America's (NYSE:BAC) Upcoming Dividend Will Be Larger Than Last Year's
Aug 12Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.26
Jul 28Bank of America Corporation (NYSE:BAC) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
Jul 18Bank of America: Impending Fed Pivot Creates Risk
Jul 17Bank of America: Let Your Winners Run
Jul 09Stability 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) | 2.4% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Banks) | 2.7% |
| Analyst forecast (BAC) (up to 3 years) | 2.7% |
Notable Dividend: BAC's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: BAC's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (4.5%).
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 (30.9% payout ratio).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Bank of America Corporation is covered by 62 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| David George | Baird |
| Jason Goldberg | Barclays |