Bank of America Dividend
Dividend criteria checks 5/6
Bank of America is a dividend paying company with a current yield of 2.58% that is well covered by earnings. Next payment date is on 28th June, 2024 with an ex-dividend date of 7th June, 2024.
Key information
2.6%
Dividend yield
32%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | 28 Jun 24 |
| Ex dividend date | 07 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | US$2.99 |
| Dividend yield forecast in 3Y | 3.4% |
Recent dividend updates
Bank of America (NYSE:BAC) Is Increasing Its Dividend To $0.24
Nov 22
Bank of America (NYSE:BAC) Has Announced That It Will Be Increasing Its Dividend To $0.24
Nov 05Recent updates
Bank of America Corporation (NYSE:BAC) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
May 03Bank Of America: Now Fairly Valued - H2'23 To Bring Forth Rich Interest Incomes
Apr 27Bank of America: Seize The Opportunity Before It's Gone
Apr 18Analysts Are Updating Their Bank of America Corporation (NYSE:BAC) Estimates After Its First-Quarter Results
Apr 18Bank of America: Why I Am Going All-In Now (Technical Analysis)
Apr 11Bank of America: A Bad Call On My Part (Rating Upgrade)
Mar 27Bank Of America: Investing In Predictability
Mar 20First Look At 2 Bank of America Preferred Stocks
Mar 02Bank of America's Q4 Earnings Signal Need For Fed Rate Cut (Rating Downgrade)
Jan 17Here's What Analysts Are Forecasting For Bank of America Corporation (NYSE:BAC) Following Its Earnings Miss
Jan 16Bank of America: Tough Q4 Ahead
Jan 09Bank of America: Lower Interest Rates Will Restore Confidence
Dec 23Bank Of America: The Soaring Value Of Low-Cost Deposit Base
Dec 15Bank of America: Using 6.4%-Yielding Preferred Shares To Speculate On A Rate Cut
Dec 02Bank of America (NYSE:BAC) Is Increasing Its Dividend To $0.24
Nov 22Bank of America Is Developing A Big Problem: Commercial Lending
Nov 10Bank of America (NYSE:BAC) Has Announced That It Will Be Increasing Its Dividend To $0.24
Nov 05Why I Chose Bank of America Over Competitors For The Dividend Income Accelerator Portfolio
Nov 02Bank of America: Deep Dive And Why I Am Bullish On The Stock
Oct 25Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.24
Oct 22Avoid Bank of America As Securities Losses Balloon To $131.6 Billion
Oct 19Bank of America: Why It's Finally A Buy (Rating Upgrade)
Oct 13Bank of America: Now Things Are Getting Interesting
Oct 06Bank of America: Why A Low Valuation And High Yield Aren't Good Enough Yet
Sep 15Bank of America (NYSE:BAC) Is Paying Out A Larger Dividend Than Last Year
Aug 25Bank of America: Buy Before It Goes Ex-Dividend
Aug 20Upcoming 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) | 2.6% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast in 3 Years (BAC) | 3.4% |
Notable Dividend: BAC's dividend (2.58%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: BAC's dividend (2.58%) is low compared to the top 25% of dividend payers in the US market (4.75%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.2%), 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 (31.7% payout ratio).