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. Next payment date is on 27th September, 2024 with an ex-dividend date of 6th September, 2024.
Key information
2.3%
Dividend yield
34%
Payout ratio
| Industry average yield | 2.7% |
| Next dividend pay date | 27 Sep 24 |
| Ex dividend date | 06 Sep 24 |
| Dividend per share | US$0.960 |
| Earnings per share | US$2.94 |
| Dividend yield forecast in 3Y | 2.8% |
Recent dividend updates
Recent updates
Bank of America's (NYSE:BAC) Dividend Will Be Increased To $0.26
Jul 28
Bank 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 09Bank Of America: Swap A 5.6% Yield For A 6.1% Yield
Jun 15Bank of America: Not Good Enough To Buy
Jun 03Bank 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 02Upcoming 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) | 2.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.7% |
| Analyst forecast in 3 Years (BAC) | 2.8% |
Notable Dividend: BAC's dividend (2.3%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BAC's dividend (2.3%) is low compared to the top 25% of dividend payers in the US market (4.33%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.5%), 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 (32.3% payout ratio).