Bank of America Corp. (BAC) Dividends

Bank of America Corp. (BAC): $38.67

0.65 (-1.65%)

POWR Rating

Component Grades

Momentum

B

Stability

C

Sentiment

Quality

D

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Industry: Money Center Banks

Industry

F

Ranked

#7 of 9

in industry

Dividend Yield and Dividend History Highlights

  • As for free cash flow, BAC has greater average cash flow over the past 5.5 years than 97.68% US-listed dividend payers.
  • In terms of debt burden relative to earnings, BAC has an EBITDA to net debt ratio of 25,502,000,000, ranking above 99.35% stocks in our set (note that its net debt is negative, meaning it has more cash than debt).
  • Currently, BAC generates more cash flow over the 12 months prior than merely 0.26% of US dividend stocks.
  • If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with BAC that may be suitable potential portfolio mates: COR, FENG, CAAS, WPG and PJT.
BAC Ex-Dividend Date
BAC Dividend Yield
2.42%
BAC Annual Dividend
$0.96
BAC Payout Ratio

BAC Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$38.67$24.44 -43.28%

A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. As for BAC, the DDM model, as implemented by StockNews, implies a negative return of 43.28% relative to its current price. Digging deeper, the aspects of Bank Of America Corp's dividend discount model that we found most interesting were:

  • In comparison to other US listed dividend yielding stocks in the Financial Services sector, the expected return of -43.28%, based on the stock's current share price and target price based on a dividend discount model, is greater than just 24.9% of the DDM-forecasted return of its its sector peers.
  • Compared to all dividend issuing stocks in our set, BAC has a discount rate lower than just 24.9% of them (a lower discount rate is associated with lower risk).
  • Beta, a measure of volatility relative to the stock market overall, is lower for Bank Of America Corp than it is for just 24.12% of other dividend issuers in the Financial Services sector.
  • Based on dividend growth rate, BAC boasts a higher growth rate in terms of its annual cash distributed to its owners than 75.89% of the dividend issuers in our set.


BAC Dividend History

Ex-Dividend Date Type Payout Amount Change
2024-02-29Dividend$0.24--
2023-11-30Dividend$0.24--
2023-08-31Dividend$0.24+9.09%
2023-06-01Dividend$0.22--
2023-03-02Dividend$0.22--
2022-12-01Dividend$0.22--
2022-09-01Dividend$0.22+4.76%
2022-06-02Dividend$0.21--
2022-03-03Dividend$0.21--
2021-12-02Dividend$0.21--
2021-09-02Dividend$0.21+16.67%
2021-06-03Dividend$0.18--
2021-03-04Dividend$0.18--
2020-12-03Dividend$0.18--
2020-09-03Dividend$0.18--
2020-06-04Dividend$0.18--
2020-03-05Dividend$0.18--
2019-12-05Dividend$0.18--
2019-09-05Dividend$0.18+20.00%
2019-06-06Dividend$0.15--
2019-02-28Dividend$0.15--
2018-12-06Dividend$0.15--
2018-09-06Dividend$0.15+25.00%
2018-05-31Dividend$0.12--
2018-03-01Dividend$0.12--
2017-11-30Dividend$0.12--
2017-08-30Dividend$0.12+60.00%
2017-05-31Dividend$0.08--
2017-03-01Dividend$0.08--
2016-11-30Dividend$0.08--
2016-08-31Dividend$0.08+50.00%
2016-06-01Dividend$0.05--
2016-03-02Dividend$0.05--
2015-12-02Dividend$0.05--
2015-09-02Dividend$0.05--
2015-06-03Dividend$0.05--
2015-03-04Dividend$0.05--
2014-12-03Dividend$0.05--
2014-09-03Dividend$0.05+400.00%
2014-06-20Dividend$0.01--
2014-03-05Dividend$0.01--
2013-12-04Dividend$0.01--
2013-09-04Dividend$0.01--
2013-06-05Dividend$0.01--
2013-02-27Dividend$0.01--
2012-12-05Dividend$0.01--
2012-09-05Dividend$0.01--
2012-05-30Dividend$0.01--
2012-02-29Dividend$0.01--
2011-11-30Dividend$0.01--
2011-08-31Dividend$0.01--
2011-06-01Dividend$0.01--
2011-03-02Dividend$0.01--
2010-12-01Dividend$0.01--
2010-09-01Dividend$0.01--
2010-06-02Dividend$0.01--
2010-03-03Dividend$0.01--
2009-12-02Dividend$0.01--
2009-09-02Dividend$0.01--
2009-06-03Dividend$0.01--
2009-03-04Dividend$0.01-96.88%
2008-12-03Dividend$0.32-50.00%
2008-09-03Dividend$0.64--
2008-06-04Dividend$0.64--
2008-03-05Dividend$0.64--
2007-12-05Dividend$0.64--
2007-09-05Dividend$0.64+14.29%
2007-05-30Dividend$0.56--
2007-02-28Dividend$0.56--
2006-11-29Dividend$0.56--
2006-08-30Dividend$0.56+12.00%
2006-05-31Dividend$0.50--
2006-03-01Dividend$0.50--
2005-11-30Dividend$0.50--
2005-08-31Dividend$0.50+11.11%
2005-06-01Dividend$0.45--
2005-03-02Dividend$0.45--
2004-12-01Dividend$0.45--
2004-09-01Dividend$0.45+12.50%
2004-08-30Split2-1-for-1 Stock SplitN/A
2004-06-02Dividend$0.80--
2004-03-03Dividend$0.80--
2003-12-03Dividend$0.80--
2003-09-03Dividend$0.80+25.00%
2003-06-04Dividend$0.64--
2003-03-05Dividend$0.64--
2002-12-04Dividend$0.64+6.67%
2002-09-04Dividend$0.60--
2002-06-05Dividend$0.60--
2002-02-27Dividend$0.60--
2001-12-05Dividend$0.60+7.14%
2001-09-05Dividend$0.56--
2001-05-30Dividend$0.56--
2001-02-28Dividend$0.56--
2000-11-29Dividend$0.56+12.00%
2000-08-30Dividend$0.50--
2000-05-31Dividend$0.50--
2000-03-01Dividend$0.50--
1999-12-01Dividend$0.50+11.11%
1999-09-01Dividend$0.45--
1999-06-02Dividend$0.45+100.00%
1999-03-03Dividend$0.23--
1998-12-02Dividend$0.23+18.42%
1998-09-02Dividend$0.19--
1998-06-03Dividend$0.19--
1998-03-04Dividend$0.19--
1997-12-03Dividend$0.19+15.15%
1997-09-03Dividend$0.17+100.00%
1997-06-19Split2-1-for-1 Stock SplitN/A
1997-06-04Dividend$0.17--
1997-03-05Dividend$0.17--
1996-12-04Dividend$0.17+13.79%
1996-09-04Dividend$0.15--
1996-06-05Dividend$0.15--
1996-02-28Dividend$0.15--
1995-11-29Dividend$0.15+16.00%
1995-08-30Dividend$0.13--
1995-05-26Dividend$0.13--
1995-02-27Dividend$0.13--
1994-11-28Dividend$0.13+8.70%
1994-08-29Dividend$0.12--
1994-05-27Dividend$0.12--
1994-02-28Dividend$0.12+9.52%
1993-11-29Dividend$0.11--
1993-08-30Dividend$0.11+5.00%
1993-05-28Dividend$0.10--
1993-03-01Dividend$0.10--
1992-11-30Dividend$0.10+8.11%
1992-08-31Dividend$0.09--
1992-06-01Dividend$0.09--
1992-03-02Dividend$0.09--
1991-12-02Dividend$0.09--
1991-08-30Dividend$0.09--
1991-06-03Dividend$0.09--
1991-03-04Dividend$0.09--
1990-12-03Dividend$0.09+5.71%
1990-08-31Dividend$0.09--
1990-05-25Dividend$0.09--
1990-02-26Dividend$0.09+16.67%
1989-11-27Dividend$0.08--
1989-08-28Dividend$0.08+20.00%
1989-05-26Dividend$0.06--
1989-02-27Dividend$0.06--
1988-11-28Dividend$0.06+8.70%
1988-08-29Dividend$0.06--
1988-05-27Dividend$0.06--
1988-02-29Dividend$0.06--
1987-11-30Dividend$0.06--


BAC Dividends vs. Peers

BAC's dividend yield currently ranks #11 of 12 vs. its peers in the Money Center Banks category.
Rank Symbol Name Dividend Yield
1 PNC PNC Financial Services Group Inc. 0.00%
2 JPM JPMorgan Chase & Co. 0.00%
3 WFC Wells Fargo & Company 0.00%
4 CMA Comerica Incorporated 0.00%
5 FRC First Republic Bank 0.00%
6 MTB M&T Bank Corp. 0.00%
7 WTBFA WTB Financial Corporation 0.00%
8 STI SunTrust Banks, Inc. 0.00%
9 C Citigroup Inc. 0.00%
10 USB U.S. Bancorp 0.00%
11 BAC Bank of America Corp. 0.00%
12 USCB U.S. Century Bank 0.00%

Looking for More Information on BAC dividends?

Want to do more research on Bank Of America Corp's dividends? Try the links below:

Bank Of America Corp Common Stock (BAC) Dividend History | Nasdaq
Dividend History for Bank Of America Corp (BAC) - Dividend Investor
Bank Of America Corp (BAC) Dividend History - Seeking Alpha

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