Bank of America Corporation (NYSE:BAC) Shareholders to Collect $0.32 Quarterly Dividend

Key Points

• Bank of America declared a quarterly dividend of $0.32 per share, payable December 24 to shareholders of record December 4. The dividend equates to $1.28 annually and a 2.5% yield.
• The dividend appears well covered, with a 30.1% payout ratio, while the company has increased its dividend for 11 consecutive years.
• Bank of America’s latest results slightly missed expectations, reporting $1.08 in EPS versus $1.10 expected and $29.96 billion in revenue versus $30.58 billion forecast, though revenue rose 3.2% year over year.

Bank of America Corporation (NYSE:BAC - Get Free Report) declared 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 yield of 2.5%. The ex-dividend date of this dividend is Friday, December 4th.

Bank of America has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 11 years. Bank of America has a payout ratio of 30.1% meaning 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 Stock Performance

NYSE:BAC traded down $0.13 during trading hours on Thursday, hitting $50.65. 8,369,871 shares of the company traded hands, compared to its average volume of 37,670,156. The stock has a market capitalization 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. Bank of America has a twelve month low of $46.12 and a twelve month high of $65.22. The firm has a 50-day moving average of $58.24 and a 200 day 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 posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The company had revenue of $29.96 billion during the quarter, compared to analyst estimates of $30.58 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The business's revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts forecast that Bank of America will post 4.54 EPS for the current year.

Key Stories Impacting Bank of America

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

About Bank of America

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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