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 2.11% 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
vs. Financial Services sector
Dividend yield
Bank Of America's dividend yield of 2.11% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.58%, Bank Of America's dividend yield is 18% lower. Historically BAC's dividend yield has averaged at 2.4% in the last 5 years, which is above the current yield.
Dividend history
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 57% from a year ago, the dividend yield has a decrease of 30%.
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
Payout ratio
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%, Bank Of America's payout ratio is 20% lower.
Total amount of dividends paid per financial year (from cash flow)
BAC dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| USB Us Bancorp | 3.83% | $1.97 | 60.4% |
| C Citigroup Inc | 3.16% | $2.18 | 61.6% |
| TRMK Trustmark Corp | 2.41% | $0.92 | 27.7% |
| BAC Bank Of America Corp | 2.11% | $0.98 | 35.3% |
| WFC Wells Fargo & Company | 2% | $1.5 | 30.7% |
| JPM Jpmorgan Chase & Co | 1.88% | $4.6 | 25.5% |
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 2.11%.
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 35.3%.
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.