Bank of America Corporation (NYSE:BAC) Declares Quarterly Dividend of $0.32

by · The Markets Daily

Bank of America Corporation (NYSE:BAC – Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, December 4th will be paid a dividend of $0.32 per share by the financial services provider on Thursday, December 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, December 4th.

Bank of America has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 11 years. Bank of America has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank of America to earn $5.19 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 24.7%.

Bank of America Price Performance

BAC stock traded down $0.13 during trading on Thursday, hitting $50.65. 8,369,871 shares of the stock traded hands, compared to its average volume of 37,670,156. Bank of America has a one year low of $46.12 and a one year high of $65.22. The stock has a market cap of $354.20 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.88 and a beta of 1.21. The company has a 50 day simple moving average of $58.24 and a 200 day simple moving average of $56.78. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.02). The firm had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. Bank of America’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 earnings per share. Equities analysts expect that Bank of America will post 4.54 EPS for the current fiscal year.

Bank of America News Summary

Here are the key news stories impacting Bank of America this week:

  • Positive Sentiment: Quarterly dividend maintained: Bank of America declared a $0.32-per-share dividend payable December 24 to shareholders of record December 4. The $1.28 annualized payout represents an approximate 2.5% yield and provides continued shareholder income. Bank of America Declares Fourth Quarter 2026 Stock Dividends
  • Positive Sentiment: Board additions may strengthen oversight: BAC appointed former Dow CEO Jim Fitterling and former Ford executive Bill Thomas as directors, expanding the board from 12 to 14 members. Their industry and governance experience could support strategic oversight, although the market impact is likely limited initially. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
  • Neutral Sentiment: Analyst activity highlights BAC’s businesses: Bank of America’s research operation continues to generate visibility through calls on AI cloud, technology, consumer and industrial companies. This supports the broader investment-banking franchise but does not directly change BAC’s earnings outlook. CoreWeave vs. Nebius
  • Negative Sentiment: Class-action litigation remains an overhang: Multiple law firms are soliciting investors for a securities-fraud lawsuit covering BAC purchases from August 1, 2025, through October 13, 2026. The December 15 lead-plaintiff deadline keeps allegations involving the company and senior executives in focus, though the notices do not establish liability. Bank of America Shareholder Alert
  • Negative Sentiment: Leadership and earnings concerns are weighing on sentiment: A report questions whether CEO Brian Moynihan should remain after disappointing quarterly results and a large U.S. Treasury fine. BAC previously reported $1.08 in EPS versus the $1.10 consensus and revenue of $29.96 billion versus $30.58 billion expected, reinforcing concerns about near-term execution. Is It Time for a New CEO at Bank of America?
  • Negative Sentiment: Fund-flow pressure adds to caution: Exchange-traded funds were reported as net sellers of BAC on October 19, suggesting some short-term institutional or passive-flow pressure on the shares. ETFs Are Net Sellers of Bank of America

Bank of America Company Profile

(Get Free Report)

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.

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