Bank of America Corporation
BACFinancial Services · Stock · quarterly payer
Forward Yield
1.83%
Annual Dividend
$1.12
Payout Ratio
26%
5-Yr Growth
8.4%
Ex-Date
Jun 5, 2026
Frequency
Quarterly
Summary
As of July 2026, Bank of America Corporation (BAC) yields 1.83% ($1.12 per share annually), with a blended fair-value estimate of $101.75 — +66% upside, so it screens as undervalued. Dividend safety grade: A (85/100). 12 years of dividend growth.
Is BAC a good dividend stock?
YesBank of America Corporation (BAC) pays a quarterly dividend yielding 1.83% ($1.12/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Comfortable payout ratio (26%)
- Strong 8.4% 5-yr dividend growth
- 47% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 1.83%
- Payout Ratio
- 26%
- Annual Dividend
- $1.12
- 5-Yr Avg Growth
- 8.4%
- Ex-Dividend Date
- Jun 5, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 1.18
- Market Cap
- $430.0B
- P/E Ratio
- 14.2
- 5-Yr Total Return
- 47%
- 52-Week Range
- $44.75 – $62.12
- Dividend Safety
- A · 85/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
BAC Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
+114%
5 Years
+47%
52-Week Range
$44.75 – $62.12
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BAC worth?
Undervaluedlow confidenceOur blended fair-value estimate for Bank of America Corporation is $101.75 per share, versus a market price of $61.27. That implies 66% of upside — a margin of safety of about 40%.
Fair Value
$101.75
Current Price
$61.27
Upside
+66%
Margin of Safety
40%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 13.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.2% discount rate (CAPM), 13.2% stage-1 growth, 2.5% terminal growth, $4.33 EPS, $1.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BAC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 5, 2026 | — | $0.2800 | regular |
| Mar 6, 2026 | — | $0.2800 | regular |
| Dec 5, 2025 | — | $0.2800 | regular |
| Sep 5, 2025 | — | $0.2800 | regular |
| Jun 6, 2025 | — | $0.2600 | regular |
| Mar 7, 2025 | — | $0.2600 | regular |
| Dec 6, 2024 | — | $0.2600 | regular |
| Sep 6, 2024 | — | $0.2600 | regular |
| Jun 7, 2024 | — | $0.2400 | regular |
| Feb 29, 2024 | — | $0.2400 | regular |
| Nov 30, 2023 | — | $0.2400 | regular |
| Aug 31, 2023 | — | $0.2400 | regular |
| Jun 1, 2023 | — | $0.2200 | regular |
| Mar 2, 2023 | — | $0.2200 | regular |
Income Calculator
At $1.12 / yr per share
