BAC vs RY: Which Is the Better Dividend Stock?
As of September 2026, BAC (Bank of America Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. RY offers the higher yield at 2.41%, BAC has the higher dividend-safety score, and BAC trades at the larger discount to fair value (+44%).
| Metric | BAC | RY |
|---|---|---|
| Forward yield | 2.04% | 2.41% |
| Annual dividend | $1.28 | $5.07 |
| Payout ratio | 26% | 41% |
| Years of growth | 12 yr | 10 yr |
| 5-yr dividend growth | 8.4% | 6.2% |
| 5-yr total return | 48% | 112% |
| Dividend safety score | 86 (A) | 75 (B) |
| Fair value estimate | $90.46 | $250.12 |
| Upside to fair value | +44% | +19% |
| Frequency | quarterly | quarterly |
| Market cap | $438.3B | $291.5B |
| P/E ratio | 14.5 | 18.4 |
Higher yield
RY
2.41%
Safer dividend
BAC
Grade A
Faster growth
BAC
8.4%
Better value
BAC
+44% upside
BAC vs RY — FAQ
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