Bank of America Corporation Plans Quarterly Dividend of $0.28 (NYSE:BAC)

Key Points

• Bank of America declared a quarterly dividend of $0.28 per share (record/ex-dividend date June 5; payable June 26), equal to an annualized $1.12 and a yield of about 2.1%.
• The bank beat Q1 estimates with EPS $1.11 (vs. $1.00 consensus) and $30.27B revenue, and its dividend is sustainably covered with a payout ratio around 26% and analysts forecasting roughly $4.44 EPS for the year.
• Shares opened near $52.50 and were down ~1.2%; BAC trades at a ~13 P/E with a market cap of about $375B, while Jefferies raised its price target to $65 and Berkshire Hathaway remains a notable long‑term holder—both supporting investor confidence.

Bank of America Corporation (NYSE:BAC) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, June 5th will be given a dividend of 0.28 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, June 5th.

Bank of America has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 11 years. Bank of America has a dividend payout ratio of 26.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of America to earn $5.05 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 22.2%.

Bank of America Stock Down 1.2%

Shares of NYSE:BAC opened at $52.50 on Friday. The firm has a fifty day moving average price of $50.34 and a two-hundred day moving average price of $52.32. The company has a market cap of $375.18 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.90 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. Bank of America has a one year low of $38.60 and a one year high of $57.55.

Bank of America (NYSE:BAC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.11. The company had revenue of $30.27 billion for the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. Analysts anticipate that Bank of America will post 4.44 EPS for the current fiscal year.

Bank of America News Roundup

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

• Positive Sentiment: Board declares quarterly cash dividend of $0.28 per share (payable June 26; record/ex-dividend June 5) — supports income investors and signals the bank’s capital strength and willingness to return cash to shareholders. Article Title
• Positive Sentiment: Jefferies reiterated a Buy and raised its price target to $65 after BAC’s strong Q1 results — boosts sell‑side momentum and could attract more buyers. Article Title
• Positive Sentiment: BAC remains a longtime holding of Warren Buffett’s Berkshire Hathaway — a high‑profile endorsement that supports investor confidence in BAC’s franchise and capital returns strategy. Article Title
• Positive Sentiment: Industry context — U.S. big banks are returning record capital via dividends and buybacks, a tailwind for bank valuations and investor appetite for financial stocks. Article Title
• Neutral Sentiment: Bank of America announced Art Conservation Project grants — positive PR but limited direct impact on fundamentals. Article Title
• Neutral Sentiment: Institutional holding moves: BofA reduced its stake in CA Immobilien Anlagen and adjusted positions in Umicore — routine portfolio moves that are unlikely to materially affect BAC’s balance sheet. Article Title
• Negative Sentiment: BofA research flags rotation/outflows from U.S. equities into international markets — a macro flow that could pressure U.S. bank multiples if it continues. Article Title
• Negative Sentiment: Transparency filings show BofA trimming some external positions (Umicore) — signals active portfolio rebalancing and modest selling pressure in those names, though not directly harmful to BAC’s fundamentals. Article Title

Bank of America Company Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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