Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
Bank of America Dividend Announcement
• Bank of America announced a quarterly dividend of $0.26 per ordinary share which will be made payable on 2024-12-27. Ex dividend date: 2024-12-06
• Bank of America annual dividend for 2024 was $1.00
• Bank of America annual dividend for 2023 was $0.92
• Bank of America's trailing twelve-month (TTM) dividend yield is 2.19%
• Bank of America's payout ratio for the trailing twelve months (TTM) is 40.07%
• Bank of America's dividend growth over the last five years (2018-2023) was 11.24% year
• Bank of America's dividend growth over the last ten years (2013-2023) was 36.83% year
Bank of America Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-06 | $0.26 | quarterly | 2024-12-27 |
| 2024-09-06 | $0.26 | quarterly | 2024-09-27 |
| 2024-06-07 | $0.24 | quarterly | 2024-06-28 |
| 2024-02-29 | $0.24 | quarterly | 2024-03-29 |
| 2023-11-30 | $0.24 | quarterly | 2023-12-29 |
| 2023-08-31 | $0.24 | quarterly | 2023-09-29 |
| 2023-06-01 | $0.22 | quarterly | 2023-06-30 |
| 2023-03-02 | $0.22 | quarterly | 2023-03-31 |
| 2022-12-01 | $0.22 | quarterly | 2022-12-30 |
| 2022-09-01 | $0.22 | quarterly | 2022-09-30 |
| 2022-06-02 | $0.21 | quarterly | 2022-06-24 |
| 2022-03-03 | $0.21 | quarterly | 2022-03-25 |
| 2021-12-02 | $0.21 | quarterly | 2021-12-31 |
| 2021-09-02 | $0.21 | quarterly | 2021-09-24 |
| 2021-06-03 | $0.18 | quarterly | 2021-06-25 |
| 2021-03-04 | $0.18 | quarterly | 2021-03-26 |
| 2020-12-03 | $0.18 | quarterly | 2020-12-24 |
| 2020-09-03 | $0.18 | quarterly | 2020-09-25 |
| 2020-06-04 | $0.18 | quarterly | 2020-06-26 |
| 2020-03-05 | $0.18 | quarterly | 2020-03-27 |
| 2019-12-05 | $0.18 | quarterly | 2019-12-27 |
| 2019-09-05 | $0.18 | quarterly | 2019-09-27 |
| 2019-06-06 | $0.15 | quarterly | 2019-06-28 |
| 2019-02-28 | $0.15 | quarterly | 2019-03-29 |
| 2018-12-06 | $0.15 | quarterly | 2018-12-28 |
| 2018-09-06 | $0.15 | quarterly | 2018-09-28 |
| 2018-05-31 | $0.12 | quarterly | 2018-06-29 |
| 2018-03-01 | $0.12 | quarterly | 2018-03-30 |
| 2017-11-30 | $0.12 | quarterly | 2017-12-29 |
| 2017-08-30 | $0.12 | quarterly | 2017-09-29 |
| 2017-05-31 | $0.07 | quarterly | 2017-06-30 |
| 2017-03-01 | $0.07 | quarterly | 2017-03-31 |
| 2016-11-30 | $0.07 | quarterly | 2016-12-30 |
| 2016-08-31 | $0.07 | quarterly | 2016-09-23 |
| 2016-06-01 | $0.05 | quarterly | 2016-06-24 |
| 2016-03-02 | $0.05 | quarterly | 2016-03-25 |
| 2015-12-02 | $0.05 | quarterly | 2015-12-24 |
| 2015-09-02 | $0.05 | quarterly | 2015-09-25 |
| 2015-06-03 | $0.05 | quarterly | 2015-06-26 |
| 2015-03-04 | $0.05 | quarterly | 2015-03-27 |
| 2014-12-03 | $0.05 | quarterly | 2014-12-26 |
| 2014-09-03 | $0.05 | quarterly | 2014-09-26 |
| 2014-06-20 | $0.01 | quarterly | 2014-06-30 |
| 2014-03-05 | $0.01 | quarterly | 2014-03-28 |
| 2013-12-04 | $0.01 | quarterly | 2013-12-27 |
| 2013-09-04 | $0.01 | quarterly | 2013-09-27 |
| 2013-06-05 | $0.01 | quarterly | 2013-06-28 |
| 2013-02-27 | $0.01 | quarterly | 2013-03-22 |
Bank of America Dividend per year
Bank of America Dividend growth
Bank of America Dividend Yield
Bank of America current trailing twelve-month (TTM) dividend yield is 2.19%. Interested in purchasing Bank of America stock? Use our calculator to estimate your expected dividend yield:
Bank of America Financial Ratios
P/E ratio15.12
PEG ratio7.06
P/B ratio1.20
ROE8.03%
Payout ratio40.07%
Current ratio6.24
Quick ratio6.24
Cash Ratio6.24
Bank of America Dividend FAQ
How much is the next Bank of America dividend?
Bank of America's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Bank of America dividend. The next Bank of America dividend will be released in March, June, August, or November.
When is Bank of America dividend paid?
Bank of America pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Bank of America pay?
The specific amount of Bank of America dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Bank of America's dividend history.
Does Bank of America stock pay dividends?
Yes, Bank of America does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Bank of America's dividend history.
How much dividend does Bank of America pay?
Bank of America paid $1.0 in 2024, $0.92 in 2023, $0.86 in 2022, $0.78 in 2021, and $0.72 in 2020.
How often does Bank of America pay dividends?
Bank of America typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, August, and November.
What is Bank of America's dividend yield?
The current dividend yield for Bank of America is 2.19%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Bank of America's exact dividend yield.
When does Bank of America go ex dividend?
Bank of America's ex-dividend date for the latest dividend was on 2024-12-06. Bank of America typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Bank of America dividend paid?
Bank of America pays dividends on a quarterly basis, typically around March, June, August, or November, but the exact dates can vary each year.
Will Bank of America increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Bank of America will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Bank of America dividend per share?
Bank of America paid $1.0 per share in 2024 and $0.92 per share in 2023. The amount of dividend per share that Bank of America pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Bank of America a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Bank of America a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Bank of America a dividend stock?
Yes, Bank of America is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Bank of America a good dividend stock?
Whether Bank of America is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Bank of America has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Bank of America as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Bank of America as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Bank of America pay dividends monthly?
Bank of America typically pays dividends on a quarterly basis.
Does Bank of America pay dividends quarterly?
Bank of America currently pays dividends on a quarterly basis.
Has Bank of America ever paid a dividend?
Yes, Bank of America has a history of paying dividends to its shareholders. Bank of America is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Bank of America dividend stocks?
To buy Bank of America you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Bank of America stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Bank of America stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Bank of America pay dividends 2024?
Bank of America pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Bank of America increase its dividend in 2024?
Decisions regarding Bank of America dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Bank of America dividend overview you can look into the above table of dividend history.
How Bank of America dividend works?
The Bank of America dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Bank of America's dividend process works:
1. Determination of Dividend: Bank of America's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bank of America publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bank of America distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bank of America are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Bank of America's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bank of America publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bank of America distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bank of America are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Bank of America dividends paid?
Bank of America dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Bank of America sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bank of America distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bank of America declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Bank of America sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bank of America distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bank of America declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Bank of America pay dividends?
Bank of America typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Bank of America pay dividends?
The general pattern is that Bank of America pays dividends around March, June, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Bank of America dividend safe?
The safety of Bank of America's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Bank of America's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bank of America's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Bank of America's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bank of America's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.