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BAC Bank Of America dividend history, payout ratio & dates

Bank Of America's latest quarterly dividend was on Sep 1, 2022 (ex-date) with a payout of $0.22 per share. On an annualized basis, the company has a current payout of $0.85 per share. This brings the dividend yield to 2.77% based on its recent close price. The latest dividend has an increase of $0.01, or 4.8% from the prior distribution.

Key dates

  • BAC last dividend date: Sep 1, 2022
  • BAC next dividend date: Not announced
BAC dividend stats
DPS
$0.85
Dividend yield
2.77%
Payout ratio
26.3%
vs. Financial Services sector
Dividend yield
2.93%
Payout ratio
30.1%

Dividend yield

What is Bank Of America current dividend yield

Bank Of America's dividend yield of 2.77% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.93%, Bank Of America's dividend yield is 5% lower. Historically BAC's dividend yield has averaged at 2.0% in the last 5 years, which is below 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 13% since twelve months ago. And with the price of the stock down by 29% from a year ago, the dividend yield has an increase of 59%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Sep 1, 2022 Sep 30, 2022 Jul 20, 2022 $0.22 normal
Jun 2, 2022 Jun 24, 2022 Apr 27, 2022 $0.21 normal
Mar 3, 2022 Mar 25, 2022 Feb 2, 2022 $0.21 normal
Dec 2, 2021 Dec 31, 2021 Oct 20, 2021 $0.21 normal
Sep 2, 2021 Sep 24, 2021 Jul 21, 2021 $0.21 normal
Jun 3, 2021 Jun 25, 2021 Apr 22, 2021 $0.18 normal
Mar 4, 2021 Mar 26, 2021 Jan 19, 2021 $0.18 normal
Dec 3, 2020 Dec 24, 2020 Oct 21, 2020 $0.18 normal
Sep 3, 2020 Sep 25, 2020 Jul 22, 2020 $0.18 normal
Jun 4, 2020 Jun 26, 2020 Apr 22, 2020 $0.18 normal
Mar 5, 2020 Mar 27, 2020 Jan 29, 2020 $0.18 normal
Dec 5, 2019 Dec 27, 2019 Oct 22, 2019 $0.18 normal
Sep 5, 2019 Sep 27, 2019 Jul 25, 2019 $0.18 normal
Jun 6, 2019 Jun 28, 2019 Apr 24, 2019 $0.15 normal
Feb 28, 2019 Mar 29, 2019 Jan 30, 2019 $0.15 normal
Dec 6, 2018 Dec 28, 2018 Oct 24, 2018 $0.15 normal
Sep 6, 2018 Sep 28, 2018 Jul 26, 2018 $0.15 normal
May 31, 2018 Jun 29, 2018 Apr 25, 2018 $0.12 normal
Mar 1, 2018 Mar 30, 2018 Jan 31, 2018 $0.12 normal
Nov 30, 2017 Dec 29, 2017 Oct 25, 2017 $0.12 normal
Aug 30, 2017 Sep 29, 2017 Jul 26, 2017 $0.12 normal
May 31, 2017 Jun 30, 2017 $0.075 normal
Mar 1, 2017 Mar 31, 2017 Jan 26, 2017 $0.075 normal
Nov 30, 2016 Dec 30, 2016 Oct 27, 2016 $0.075 normal
Aug 31, 2016 Sep 23, 2016 Jul 28, 2016 $0.075 normal
Jun 1, 2016 Jun 24, 2016 Apr 28, 2016 $0.05 normal
Mar 2, 2016 Mar 25, 2016 Jan 21, 2016 $0.05 normal
Dec 2, 2015 Dec 24, 2015 Oct 22, 2015 $0.05 normal
Sep 2, 2015 Sep 25, 2015 Jul 23, 2015 $0.05 normal
Jun 3, 2015 Jun 26, 2015 Apr 16, 2015 $0.05 normal

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 26.3% is above the industry average but below the Financial Services sector and its peers average. Compared to its Financial Services sector average of 30.1%, Bank Of America's payout ratio is 13% 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
C Citigroup Inc 4.81% $2.04 25.8%
USB Us Bancorp 4.57% $1.86 42.8%
JPM Jpmorgan Chase & Co 3.77% $4 32%
TRMK Trustmark Corp 2.98% $0.92 51.1%
BAC Bank Of America Corp 2.77% $0.85 26.3%
WFC Wells Fargo & Company 2.47% $1 23.8%

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 is Bank Of America's next dividend?

At this point we don't have a record of BAC's next dividend date, but based on the current dividend schedule we project that it will likely be in December 2022.

When was BAC's last dividend?

Bank Of America's last dividend ex-date was on Sep 1, 2022. The dividend amount was $0.22 per share.

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

On an annual basis BAC pays $0.85 per share.

What is Bank Of America's dividend yield?

The current dividend yield of Bank Of America is 2.77%.

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 26.3%.

Does Bank Of America pay a good dividend?

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