SmarterDividends

BAC vs L: Which Is the Better Dividend Stock?

As of September 2026, BAC and L are closely matched. BAC offers the higher yield at 2.04%, L has the higher dividend-safety score, and L trades at the larger discount to fair value (+76%).

MetricBACL
Forward yield2.04%0.23%
Annual dividend$1.28$0.25
Payout ratio26%3%
Years of growth12 yr0 yr
5-yr dividend growth8.4%0.0%
5-yr total return48%102%
Dividend safety score86 (A)99 (A)
Fair value estimate$91.51$191.96
Upside to fair value+46%+76%
Frequencyquarterlyquarterly
Market cap$438.4B$22.2B
P/E ratio14.513.3

Higher yield

BAC

2.04%

Safer dividend

L

Grade A

Faster growth

BAC

8.4%

Better value

L

+76% upside

BAC vs L — FAQ

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