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In this section of the page, you will find all the information you need to understand how Bank of America Corporation (BAC) dividends work. In addition, you will be able to consult the payment date, the ex-dividend date, the last day to be entitled to the payment, the money to be received per share, the yield and any other doubts that may arise.
Bank of America Corporation will distribute 0,24 dollars per share in the form of a dividend on December 29, 2023.
The November 30, 2023 is the ex-dividend date. So if you wish to receive Bank of America Corporation dividends, you must buy one day before this date.
Bank of America Corporation distributed 0.24 dollars per share in the form of a dividend on September 29, 2023.
After acquiring Merrill Lynch, Bank of America became one of the largest investment institutions in the United States, although its policy regarding the portion it grants to its investors could be considered conservative, since it is around 26%.
Based on its latest share price, its yield is 3%, and dividends are paid to shareholders four times a year, in March, June, September and December.
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Payout Ratio Bank of America Corporation Dividends
The dividend payout ratio, also known as the payout ratio, is an essential indicator for assessing the stability of a company's dividends. This ratio shows what proportion of the company's net profit is used to pay dividends to shareholders.
Dividend payout ratio = Total dividends ÷ Net income
An appropriate payout ratio may vary depending on the industry, the company's growth stage and its financial health.
Dividend calendar of Bank of America Corporation
This is the Dividend Calendar of Bank of America Corporation in 2023.
| Event | Day |
|---|---|
| Last trading date | November 29, 2023 |
| Ex-Dividend (Ex-Date) | November 30, 2023 |
| Record date | December 1, 2023 |
| Date of payment | December 29, 2023 |
This data has been verified by Bank of America Corporation's General Shareholders' Meeting.
Historical annual dividend yields of Bank of America Corporation
For a company to have growing dividends by our standards, the annual dividend amount must have increased steadily for at least the last 5 years.
Dividend yield of Bank of America Corporation vs. the sector
The company's dividend yield is compared to the industry average to determine its positioning.
Imagine you have a list of dividend yields for different companies in an industry. If you look for the "top 25%% percentile", you will find a number. This number tells you that the top 25%% of the companies with the highest dividends have a yield higher than that number.
On the other hand, the "top 75%% percentile" shows you another number, which tells you that 75%% of the companies have a higher yield than that number, thus showing a more common and less high yield.
Dividend yield history in Bank of America Corporation
For a company to have stable dividends by our standards, it is vital that it has not had an annual decline of more than 10% over the previous year.
Dividend history of Bank of America Corporation
In this table you can see the dividend history of Bank of America Corporation:
| Year | Ex-Dividend | Amount | Total |
|---|---|---|---|
| 2023 | 11/30/2023 08/31/2023 06/01/2023 03/02/2023 | 0.24 $ 0.24 $ 0.22 $ 0.22 $ | 0.92 $ |
| 2022 | 12/01/2022 09/01/2022 06/02/2022 03/03/2022 | 0.22 $ 0.22 $ 0.21 $ 0.21 $ | 0.86 $ |
| 2021 | 12/02/2021 09/02/2021 06/03/2021 03/04/2021 | 0.21 $ 0.21 $ 0.18 $ 0.18 $ | 0.78 $ |
| 2020 | 12/03/2020 09/03/2020 06/04/2020 03/05/2020 | 0.18 $ 0.18 $ 0.18 $ 0.18 $ | 0.72 $ |
| 2019 | 12/05/2019 09/05/2019 06/06/2019 02/28/2019 | 0.18 $ 0.18 $ 0.15 $ 0.15 $ | 0.66 $ |
| 2018 | 12/06/2018 09/06/2018 05/31/2018 03/01/2018 | 0.15 $ 0.15 $ 0.12 $ 0.12 $ | 0.54 $ |
| 2017 | 11/30/2017 08/30/2017 05/31/2017 03/01/2017 | 0.12 $ 0.12 $ 0.075 $ 0.075 $ | 0.39 $ |
| 2016 | 11/30/2016 08/31/2016 06/01/2016 03/02/2016 | 0.075 $ 0.075 $ 0.05 $ 0.05 $ | 0.25 $ |
| 2015 | 12/02/2015 09/02/2015 06/03/2015 03/04/2015 | 0.05 $ 0.05 $ 0.05 $ 0.05 $ | 0.2 $ |
| 2014 | 12/03/2014 09/03/2014 06/20/2014 03/05/2014 | 0.05 $ 0.05 $ 0.01 $ 0.01 $ | 0.12 $ |
| 2013 | 12/04/2013 09/04/2013 06/05/2013 02/27/2013 | 0.01 $ 0.01 $ 0.01 $ 0.01 $ | 0.04 $ |
| 2012 | 12/05/2012 09/05/2012 05/30/2012 02/29/2012 | 0.01 $ 0.01 $ 0.01 $ 0.01 $ | 0.04 $ |
| 2011 | 11/30/2011 08/31/2011 06/01/2011 03/02/2011 | 0.01 $ 0.01 $ 0.01 $ 0.01 $ | 0.04 $ |
| 2010 | 12/01/2010 09/01/2010 06/02/2010 03/03/2010 | 0.01 $ 0.01 $ 0.01 $ 0.01 $ | 0.04 $ |
| 2009 | 12/02/2009 09/02/2009 06/03/2009 03/04/2009 | 0.01 $ 0.01 $ 0.01 $ 0.01 $ | 0.04 $ |
| 2008 | 12/03/2008 09/03/2008 06/04/2008 03/05/2008 | 0.32 $ 0.64 $ 0.64 $ 0.64 $ | 2.24 $ |
| 2007 | 12/05/2007 09/05/2007 05/30/2007 02/28/2007 | 0.64 $ 0.64 $ 0.56 $ 0.56 $ | 2.4 $ |
| 2006 | 11/29/2006 08/30/2006 05/31/2006 03/01/2006 | 0.56 $ 0.56 $ 0.5 $ 0.5 $ | 2.12 $ |
| 2005 | 11/30/2005 08/31/2005 06/01/2005 03/02/2005 | 0.5 $ 0.5 $ 0.45 $ 0.45 $ | 1.9 $ |
| 2004 | 12/01/2004 09/01/2004 06/02/2004 03/03/2004 | 0.45 $ 0.45 $ 0.4 $ 0.4 $ | 1.7 $ |
| 2003 | 12/03/2003 09/03/2003 06/04/2003 03/05/2003 | 0.4 $ 0.4 $ 0.32 $ 0.32 $ | 1.44 $ |
| 2002 | 12/04/2002 09/04/2002 06/05/2002 02/27/2002 | 0.32 $ 0.3 $ 0.3 $ 0.3 $ | 1.22 $ |
| 2001 | 12/05/2001 09/05/2001 05/30/2001 02/28/2001 | 0.3 $ 0.28 $ 0.28 $ 0.28 $ | 1.14 $ |
| 2000 | 11/29/2000 08/30/2000 05/31/2000 03/01/2000 | 0.28 $ 0.25 $ 0.25 $ 0.25 $ | 1.03 $ |
| 1999 | 12/01/1999 09/01/1999 06/02/1999 03/03/1999 | 0.25 $ 0.225 $ 0.225 $ 0.225 $ | 0.925 $ |
| 1998 | 12/02/1998 09/02/1998 06/03/1998 03/04/1998 | 0.225 $ 0.19 $ 0.19 $ 0.19 $ | 0.795 $ |
| 1997 | 12/03/1997 09/03/1997 06/04/1997 03/05/1997 | 0.19 $ 0.165 $ 0.165 $ 0.165 $ | 0.685 $ |
| 1996 | 12/04/1996 09/04/1996 06/05/1996 02/28/1996 | 0.165 $ 0.145 $ 0.145 $ 0.145 $ | 0.6 $ |
| 1995 | 11/29/1995 08/30/1995 05/26/1995 02/27/1995 | 0.145 $ 0.125 $ 0.125 $ 0.125 $ | 0.52 $ |
| 1994 | 11/28/1994 08/29/1994 05/27/1994 02/28/1994 | 0.125 $ 0.115 $ 0.115 $ 0.115 $ | 0.47 $ |
| 1993 | 11/29/1993 08/30/1993 05/28/1993 03/01/1993 | 0.105 $ 0.105 $ 0.1 $ 0.1 $ | 0.41 $ |
| 1992 | 11/30/1992 08/31/1992 06/01/1992 03/02/1992 | 0.1 $ 0.0925 $ 0.0925 $ 0.0925 $ | 0.3775 $ |
| 1991 | 12/02/1991 08/30/1991 06/03/1991 03/04/1991 | 0.0925 $ 0.0925 $ 0.0925 $ 0.0925 $ | 0.37 $ |
| 1990 | 12/03/1990 08/31/1990 05/25/1990 02/26/1990 | 0.0925 $ 0.0875 $ 0.0875 $ 0.0875 $ | 0.355 $ |
| 1989 | 11/27/1989 08/28/1989 05/26/1989 02/27/1989 | 0.075 $ 0.075 $ 0.0625 $ 0.0625 $ | 0.275 $ |
| 1988 | 11/28/1988 08/29/1988 05/27/1988 02/29/1988 | 0.0625 $ 0.0575 $ 0.0575 $ 0.0575 $ | 0.235 $ |
| 1987 | 11/30/1987 08/31/1987 06/01/1987 03/02/1987 | 0.0575 $ 0.0525 $ 0.0525 $ 0.0525 $ | 0.215 $ |
| 1986 | 12/01/1986 08/29/1986 06/02/1986 | 0.0525 $ 0.0475 $ 0.0475 $ | 0.1475 $ |
Bank of America Corporation dividend capture strategy
Information about Bank of America Corporation
Bank of America is one of the most powerful financial institutions in the United States, ranking as the fifth largest company in the country and the third largest non-oil company, after WalMart and General Electric.
It was established after NationsBank bought the former Bank of America located in San Francisco in 1998, from which it also got its name, although in reality the latter had its beginnings in 1904 from the Bank of Italy founded by Amadeo Giannini, thus having more than a century of history.
Today it offers services throughout the United States with headquarters in North Carolina, with branches in more than 40 countries including some in Latin America. It is owned by Berkshire Hathaway, Vanguard Group and BlackRock.
It has faced some lawsuits and fines, but nevertheless continues to grow, achieving a 9% stake in the Chinese Construction Bank and establishing offices in Hong Kong, Shanghai and Guangzhou.
Among its social responsibility policies, it has earmarked a portion of its loan portfolio for "green" projects, providing its employees with incentives for the purchase of hybrid vehicles and mortgage loans for customers with energy-inefficient homes, and partnered with Brighter Planet to offer credit cards for renewable energy projects.
Frequently asked questions about Bank of America Corporation dividends
Bank of America Corporation pays dividends on a Quarterly basis.
Bank of America Corporation is listed on the New York Stock Exchange and is part of the Nyse.
Bank of America Corporation has the Ticker or stock code BAC.
Bank of America Corporation belongs to the Financial Services sector and the Banks - Diversified industry.
The CEO of Bank of America Corporation in 2023 is Mr. Brian Thomas Moynihan.
At this moment, the value of a Bank of America Corporation share is 30.58$.
Bank of America Corporation has a growing dividend program. In the last 5 years, dividends have been at least equal to or higher than the previous year.