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 2.09% based on its recent close price. The latest dividend has an increase of $0.02, or 8% from the prior distribution.
Bank Of America's dividend yield of 2.09% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.59%, Bank Of America's dividend yield is 19% lower. Historically BAC's dividend yield has averaged at 2.4% in the last 5 years, which is above the current yield.
Bank Of America has been paying dividends since 1994. BAC has distributed three dividends in the past year. The annualized dividend per share has an increase of 7% since twelve months ago. But with the price of the stock up by 54% from a year ago, the dividend yield has a decrease of 31%.
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's payout ratio of 35.3% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 44.9%, Bank Of America's payout ratio is 21% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
USB Us Bancorp | 3.78% | $1.97 | 60.4% |
C Citigroup Inc | 3.02% | $2.18 | 61.6% |
TRMK Trustmark Corp | 2.42% | $0.92 | 27.7% |
BAC Bank Of America Corp | 2.09% | $0.98 | 35.3% |
WFC Wells Fargo & Company | 2.04% | $1.5 | 30.7% |
JPM Jpmorgan Chase & Co | 1.87% | $4.6 | 25.5% |
Yes, Bank Of America has paid three dividends in the last twelve months. BAC has been paying dividends since 1994.
Bank Of America's last dividend ex-date was on Sep 6, 2024. The dividend amount was $0.26 per share.
On an annual basis BAC pays $0.98 per share.
The current dividend yield of Bank Of America is 2.09%.
Bank Of America pays dividends quarterly.
The dividend payout ratio of Bank Of America is 35.3%.
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.