![]() ![]() Bank of America has impressed us by growing EPS at 13% per year over the past five years. The company's investors will be pleased to have been receiving dividend income for some time. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time. This implies that the company grew its distributions at a yearly rate of about 37% over that duration. The dividend has gone from an annual total of $0.04 in 2013 to the most recent total annual payment of $0.96. The company has an extended history of paying stable dividends. Historic-dividend Bank of America Has A Solid Track Record However, as estimated by analysts, the future payout ratio could be 34% over the same time period, which we think the company can easily maintain. ![]() Looking forward, earnings per share is forecast to fall by 4.8% over the next 3 years. Taking data from its last earnings report, calculating for the company's payout ratio shows 25%, which means that Bank of America would be able to pay its last dividend without pressure on the balance sheet. ![]() Having distributed dividends for at least 10 years, Bank of America has a long history of paying out a part of its earnings to shareholders. While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. This takes the annual payment to 3.4% of the current stock price, which is about average for the industry.Ĭheck out our latest analysis for Bank of America Bank of America's Dividend Forecasted To Be Well Covered By Earnings To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs.The board of Bank of America Corporation ( NYSE:BAC) has announced that it will be paying its dividend of $0.24 on the 29th of September, an increased payment from last year's comparable dividend. You may also visit the individual sites for additional information on their data and privacy practices and opt-out options. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices layer powered by the DAA or through the Network Advertising Initiative's Opt-Out Tool layer. Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. Relationship-based ads and online behavioral advertising help us do that.īank of America participates in the Digital Advertising Alliance ("DAA") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). We strive to provide you with information about products and services you might find interesting and useful. ![]() Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. (MLLA) and/or Banc of America Insurance Services, Inc., both of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation.īanking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. Insurance Products are offered through Merrill Lynch Life Agency Inc. Both are indirect subsidiaries of Bank of America Corporation. Trust and fiduciary services are provided by Bank of America, N.A. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation.īank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Securities products are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S", or "Merrill"), a registered broker-dealer, registered investment adviser, Member SIPC layer, and a wholly-owned subsidiary of Bank of America Corporation. You should review any planned financial transactions that may have tax or legal implications with your personal tax or legal advisor. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. ![]()
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