Bank of America Dividend
Dividend criteria checks 5/6
Bank of America is a dividend paying company with a current yield of 2.53% that is well covered by earnings. Next payment date is on 21st May, 2024 with an ex-dividend date of 30th April, 2024.
Key information
2.5%
Dividend yield
32%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | 21 May 24 |
| Ex dividend date | 30 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | US$2.97 |
| Dividend yield forecast in 3Y | 3.3% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BML.PRL's dividends per share have been stable in the past 10 years.
Growing Dividend: BML.PRL'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 (BML.PRL) | 2.5% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast in 3 Years (BML.PRL) | 3.3% |
Notable Dividend: BML.PRL's dividend (2.53%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: BML.PRL's dividend (2.53%) is low compared to the top 25% of dividend payers in the US market (4.7%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.2%), BML.PRL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BML.PRL's dividends in 3 years are forecast to be well covered by earnings (31.6% payout ratio).