How often does Bank of America pay dividends?
Bank of America Corporation ( BAC ) pays dividends on a quarterly basis. Bank of America Corporation ( BAC ) has increased its dividends for 11 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
CHARLOTTE, N.C., April 25, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.24 per share, payable on June 28, 2024 to shareholders of record as of June 7, 2024.
Bank of America Declares Second-Quarter 2024 Stock Dividends
The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on July 25, 2024 to shareholders of record as of July 11, 2024.
BAC pays a dividend of $0.24 per share. BAC's annual dividend yield is 2.45%. When is Bank of America ex-dividend date? Bank of America's previous ex-dividend date was on Feb 29, 2024.
CHARLOTTE, NC – Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.24 per share, up $0.02 from the prior quarter. The dividend is payable on September 29, 2023 to shareholders of record as of September 1, 2023.
The forecasted Bank of America price at the end of 2024 is $41.30 - and the year to year change +23%. The rise from today to year-end: +20%. In the middle of 2024, we expect to see $38.11.
BAC Stock 12 Month Forecast
Based on 23 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. The average price target is $39.78 with a high forecast of $45.00 and a low forecast of $33.00.
Over the past three years, Bank of America Corp's annual dividend growth rate was 8.50%. Extended to a five-year horizon, this rate increased to 10.60% per year. And over the past decade, Bank of America Corp's annual dividends per share growth rate stands at an impressive 31.70%.
The Bank of New York Mellon Corporation (NYSE:BK)
It is one of the best dividend stocks on our list as the company has been paying uninterrupted dividends to shareholders for the past 21 years. It currently pays a quarterly dividend of $0.42 per share and has a dividend yield of 3.25%, as of December 17.
| Stock | Forward dividend yield as of July 21 |
|---|---|
| Citigroup Inc. (C) | 4.3% |
| Ares Management Corp. (ARES) | 3% |
| HSBC Holdings PLC (HSBC) | 5.1% |
| Morgan Stanley (MS) | 3.7% |
Is Bank of America a buy?
Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 48 buy ratings, 23 hold ratings, and 6 sell ratings.
Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment. Your own investment goals should also play a big role in deciding what a good dividend yield is for you.
Berkshire Hathaway (BRK. A 0.46%)(BRK. B 0.3%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake. As of March 2024, it was the second-largest of Warren Buffett's stock holdings after Apple (AAPL 0.36%), worth almost $37 billion.
Bank of America Corporation ( BAC ) pays dividends on a quarterly basis. Bank of America Corporation ( BAC ) has increased its dividends for 11 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC). What is the significance of the ownership structure for a publicly traded company?
Historical daily share price chart and data for Bank Of America since 1986 adjusted for splits and dividends. The latest closing stock price for Bank Of America as of April 22, 2024 is 37.73. The all-time high Bank Of America stock closing price was 46.47 on February 08, 2022.
Bank of America is forecast to grow earnings and revenue by 6.2% and 4.6% per annum respectively. EPS is expected to grow by 7.8% per annum. Return on equity is forecast to be 9.9% in 3 years.
CHARLOTTE, NC – Bank of America today announced it will expand its financial center network into nine new markets over the next four years, bringing banking, investing, retirement, lending and small business services and solutions to more clients and communities.
The Dividend Forecasting product helps financial institutions price derivatives and better understand how companies are performing. The product delivers precise forecasts of the size and timing of dividend payments based on equity research, market announcements and unique quantitative insight.
What is final dividend for the year?
A final dividend is the annual dividend paid to shareholders by a company during a financial year. It is declared after the company's annual financial statements are approved at the annual general meeting. The final dividend is the total dividend for the year minus any interim dividends already paid.
Regular payouts for AVB are paid quarterly.
Today, Legal & General's share price trades on a forward price-to-earnings (P/E) ratio of 9.4 times. The firm also carries enormous dividend yields for the next two years. For 2024, the financial services provider sports an 8.7% dividend yield, well above the 3.8% average for Footsie shares.
