Bank Of America's latest quarterly dividend was on Aug 31, 2023 (ex-date) with a payout of $0.24 per share. On an annualized basis, the company has a current payout of $0.9 per share. This brings the dividend yield to 3.29% based on its recent close price. The latest dividend has an increase of $0.02, or 9% from the prior distribution.
Bank Of America's dividend yield of 3.29% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 3.73%, Bank Of America's dividend yield is 12% lower. Historically BAC's dividend yield has averaged at 2.3% in the last 5 years, which is below the current yield.
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 6% since twelve months ago. And with the price of the stock down by 9% from a year ago, the dividend yield has an increase of 17%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 31, 2023 | Sep 29, 2023 | Jul 19, 2023 | $0.24 | normal |
| Jun 1, 2023 | Jun 30, 2023 | Apr 26, 2023 | $0.22 | normal |
| Mar 2, 2023 | Mar 31, 2023 | Feb 1, 2023 | $0.22 | normal |
| Dec 1, 2022 | Dec 30, 2022 | Oct 19, 2022 | $0.22 | normal |
| 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's payout ratio of 25.7% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 33.5%, Bank Of America's payout ratio is 23% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| USB Us Bancorp | 5.98% | $1.92 | 53.3% |
| C Citigroup Inc | 5.1% | $2.06 | 32.4% |
| TRMK Trustmark Corp | 4.28% | $0.92 | 54.4% |
| BAC Bank Of America Corp | 3.36% | $0.9 | 25.7% |
| WFC Wells Fargo & Company | 3.16% | $1.25 | 30.9% |
| JPM Jpmorgan Chase & Co | 2.79% | $4 | 25.7% |
Yes, Bank Of America has paid four dividends in the last twelve months. BAC has been paying dividends since 1994.
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 November 2023.
Bank Of America's last dividend ex-date was on Aug 31, 2023. The dividend amount was $0.24 per share.
On an annual basis BAC pays $0.9 per share.
The current dividend yield of Bank Of America is 3.29%.
Bank Of America pays dividends quarterly.
The dividend payout ratio of Bank Of America is 25.7%.
Bank Of America's dividend yield is below the Financial Services sector average.