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BAC Bank Of America dividend history, payout ratio & dates

Bank Of America's latest dividend was on Sep 6, 2024 (ex-date) with a payout of $0.26 per share. On an annualized basis, the company has a current payout of $0.98 per share. This brings the dividend yield to 2.3% based on its recent close price. The latest dividend has an increase of $0.02, or 8% from the prior distribution.

Key dates

  • BAC last dividend date: Sep 6, 2024
BAC dividend stats
DPS
$0.98
Dividend yield
2.3%
Payout ratio
35.3%
vs. Financial Services sector
Dividend yield
2.78%
Payout ratio
43.2%

Dividend yield

What is Bank Of America current dividend yield

Bank Of America's dividend yield of 2.3% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.78%, Bank Of America's dividend yield is 17% lower. Historically BAC's dividend yield has averaged at 2.4% in the last 5 years, which is above the current yield.

Dividend history

What is BAC dividend payout history and dates

Bank Of America has been paying dividends since 1994. BAC has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 9% since twelve months ago. But with the price of the stock up by 69% from a year ago, the dividend yield has a decrease of 36%.

Recent dividends

Ex-date Amount Yield (TTM)
Sep 6, 2024 $0.26 2.53%
Jun 7, 2024 $0.24 2.41%
Feb 29, 2024 $0.24 2.72%
Nov 30, 2023 $0.24 3.02%
Aug 31, 2023 $0.24 3.14%
Jun 1, 2023 $0.22 3.17%
Mar 2, 2023 $0.22 2.6%
Dec 1, 2022 $0.22 2.35%
Sep 1, 2022 $0.22 2.54%
Jun 2, 2022 $0.21 2.29%
Mar 3, 2022 $0.21 1.91%
Dec 2, 2021 $0.21 1.74%
Sep 2, 2021 $0.21 1.83%
Jun 3, 2021 $0.18 1.66%
Mar 4, 2021 $0.18 1.97%
Dec 3, 2020 $0.18 2.49%
Sep 3, 2020 $0.18 2.81%
Jun 4, 2020 $0.18 2.69%
Mar 5, 2020 $0.18 2.58%
Dec 5, 2019 $0.18 1.99%
Sep 5, 2019 $0.18 2.24%
Jun 6, 2019 $0.15 2.15%
Feb 28, 2019 $0.15 1.96%
Dec 6, 2018 $0.15 2.05%
Sep 6, 2018 $0.15 1.65%
May 31, 2018 $0.12 1.65%
Mar 1, 2018 $0.12 1.38%
Nov 30, 2017 $0.12 1.38%
Aug 30, 2017 $0.12 1.45%
May 31, 2017 $0.075 1.34%
Mar 1, 2017 $0.075 1.08%
Nov 30, 2016 $0.075 1.18%
Aug 31, 2016 $0.075 1.39%
Jun 1, 2016 $0.05 1.35%
Mar 2, 2016 $0.05 1.49%
Dec 2, 2015 $0.05 1.14%
Sep 2, 2015 $0.05 1.26%
Jun 3, 2015 $0.05 1.18%
Mar 4, 2015 $0.05 1.01%

Bank Of America dividend payout ratio

What is Bank Of America dividend payout ratio compared to the sector

Payout ratio

Bank Of America's payout ratio of 34.1% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 43.2%, Bank Of America's payout ratio is 21% lower.

Total amount of dividends paid per financial year (from cash flow)

BAC dividend vs peer dividends

How does BAC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
USB Us Bancorp 4.02% $1.97 62.7%
C Citigroup Inc 3.31% $2.15 58.9%
TRMK Trustmark Corp 2.59% $0.92 30.3%
BAC Bank Of America Corp 2.3% $0.98 35.3%
WFC Wells Fargo & Company 2.2% $1.45 29.4%
JPM Jpmorgan Chase & Co 2.04% $4.6 25.6%

Frequently asked questions

Does Bank Of America pay a dividend?

Yes, Bank Of America has paid four dividends in the last twelve months. BAC has been paying dividends since 1994.

When was BAC's last dividend?

Bank Of America's last dividend ex-date was on Sep 6, 2024. The dividend amount was $0.26 per share.

How much dividend does Bank Of America pay (per share)?

On an annual basis BAC pays $0.98 per share.

What is Bank Of America's dividend yield?

The current dividend yield of Bank Of America is 2.3%.

How often does Bank Of America pay dividends?

Bank Of America pays dividends quarterly.

What is Bank Of America's dividend payout ratio?

The dividend payout ratio of Bank Of America is 34.1%.

Does Bank Of America pay a good dividend?

Bank Of America's dividend yield is below the Financial Services sector average.

Special dividends are included in TTM DPS and yield. Data from and Sharadar.