Member FDIC. Bank Of America has a dividend cover of 3.80. Since 2014, BofA has been able to increase its dividend payment every year, and its recent dividend yield of 2.9% is well above its average for the past few years. Bank of America has a dividend payout ratio of 45.6% indicating that its dividend is sufficiently covered by earnings. Over the last 10 years, the dividend has climbed to $0.54. The information contained on this Investor Relations web site is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. The relative strength of a dividend stock indicates whether the stock is uptrending or not. Because of the possibility of human or mechanical error by Mergent's sources, Mergent or others, Mergent does not guarantee the accuracy, adequacy, completeness, timeliness or availability or for the results obtained from the use of such information. Corporations that pay out much less in dividends than they earn in earnings typically have extra sustainable dividends. Monthly payments from Quarterly Payers ››. Making financial lives better through the power of every connection. Dividend Yield is the relation between a stock’s Annualized Dividend and its current stock price. Fixed income news, reports, video and more. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email news alerts. Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America… Total Bank of America Corporation (BAC) paid a dividend of 0.5 per share on Jun 04, 2020. It’s banking made easier, with the Bank of America mobile banking app…in your … In addition, this information may contain forward-looking statements that are subject to various risks and uncertainties that could cause actual outcomes or results to differ materially from those expressed in or implied by any forward-looking statement. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Download the latest update of Adobe Reader. Baltimore, MD, > Dividend History for Bank of America Corp. (BAC) Ticker. learn  More about Report center, See how we're investing in local and national programs to fight hunger.. On the heels of the 2008 financial crisis, Bank of America and many other large banks were forced to cut or lower their dividends. Change. Bank of America, N.A. However, the smaller or regional banks may not offer a dividend. Bank of America Corporation (BAC) Dividend History. Company goals are aspirational and not guarantees or promises that all goals will be met. Dividend Summary. All rights reserved. Still, banks will always have a crucial role in the economy. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Since 1998, Bank of America has consistently paid a dividend, however, after the financial crisis in 2008, the dividend was cut to $0.01 … Bank of America paid investors $0.04 per share a decade ago. BAC's next quarterly dividend payment will be made to shareholders of record on Thursday, December 24. Stay up to date with timely dividend news. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Bank of America (BAC) is headquartered in Charlotte, and is in the Finance sector. Enhance retirement outcomes with helpful tactics. learn  More about Responsible growth. Through its subsidiaries, Co. provides a range of banking, investing, asset management and other financial and risk management products and services. That’s a 1,250% increase. > Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Yield. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Amount. © 2020 Bank of America Corporation. learn  More about Breaking the cycle and ending hunger, See how we're helping service members and veterans make the transition to civilian life... The increase in dividend growth is a good sign. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. The risks and uncertainties that could affect the company's actual outcomes or results are discussed more fully in our most recent Annual Report on Form 10-K, as well as any updated risks and uncertainties contained in subsequent reports filed with the Securities and Exchange Commission. We’re focused on serving our clients to help them live their financial lives. Upgrade to Premium to get unlimited access to Ratings, Recommendations, Payout Estimates, and more. Historical dividend payout and yield for Bank Of America (BAC) since 1993.