BAC dividend calculator – Bank of America Announces 0.22 Cash Dividend
June 2, 2023
🌥️Dividends Yield
Bank ($NYSE:BAC) of America recently announced on June 1 2023 that they will be providing a 0.22 cash dividend. This dividend follows the past 3 years of dividend payouts per share of 0.87, 0.86, and 0.78 USD, which translates to 2.5%, 2.29%, and 2.0% dividend yields for 2021 to 2023 respectively. On average, the dividend yield stands at 2.26%. If you are a fan of dividend stocks, then you should consider adding Bank of America onto your list.
The ex-dividend date for this announcement is June 1 2023, making it an ideal time to acquire this stock in order to take advantage of the dividend yields. It is important to keep in mind that future dividends may differ from the current announcement, so it is important to analyze the stock and the company before investing.
Market Price
This marks the second consecutive quarterly dividend for the bank, demonstrating its financial strength and commitment to rewarding shareholders. The stock opened the day on Thursday at $27.8, and closed at the same price. This follows the trend set during the bank’s previous quarterly financial report, which showed modest gains but strong stability. Bank of America is one of the most recognizable and trusted names in the banking industry, and its decision to issue a dividend is further evidence of its long-term commitment to success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BAC. More…
| Total Revenues | Net Income | Net Margin |
| – | 27.07k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BAC. More…
| Operations | Investing | Financing |
| -6.33k | -2.53k | -106.04k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BAC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.19M | 2.91M | – |
Key Ratios Snapshot
Some of the financial key ratios for BAC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale’s analysis of BANK OF AMERICA’s financials has revealed a high health score of 10/10, indicating that the company is capable to safely ride out any crisis without the risk of bankruptcy. Our Star Chart has shown that BANK OF AMERICA is strong in asset, dividend, and medium in growth, profitability. Based on this, we have classified BANK OF AMERICA as a ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. Given this information, investors who are looking for steady returns and income may be interested in BANK OF AMERICA as it offers such assurances. Additionally, these investors may also be interested in BANK OF AMERICA as it is strong in assets and debt, indicating stability and a low risk of bankruptcy. More…
Peers
Bank of America Corp is one of the largest banks in the United States with over 5,000 branches. Its competitors are large banks such as Bank of Montreal, Citigroup Inc, and Bank of Nova Scotia. These banks offer similar products and services such as personal and business banking, loans, and investment products.
– Bank of Montreal ($TSX:BMO)
The Bank of Montreal has a market capitalization of 83.11 billion as of 2022. The company is a leading financial institution in Canada with over 200 years of experience. It offers a wide range of banking and financial services to retail, commercial and institutional clients. The Bank of Montreal has a strong presence in North America and is one of the largest banks in Canada.
– Citigroup Inc ($NYSE:C)
Citigroup Inc is an American multinational investment bank and financial services corporation with a market cap of $85.51 billion as of 2022. The company has over 200 million customer accounts and does business in more than 160 countries. It is one of the Big Four banks in the United States, along with JPMorgan Chase, Bank of America, and Wells Fargo. Citigroup was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The company has its headquarters in New York City.
– Bank of Nova Scotia ($TSX:BNS)
Bank of Nova Scotia has a market cap of 79.27B as of 2022. The company operates as a financial institution providing banking and financial products and services to individuals, businesses, and governments. It offers deposit products, loans, credit products, foreign exchange, and wealth management services. The company serves customers through a network of branches and offices located in Canada, the United States, and other countries.
Summary
Investing in BANK OF AMERICA can be a great option for investors seeking dividend income. Over the past 3 years, the company has maintained an average dividend yield of 2.26%, with dividend per share ranging from 0.87-0.78 USD. This provides investors with a reliable, steady income stream that has been consistent over the last few years. Although dividends may not be the highest in the industry, BANK OF AMERICA is a good option for those looking for a steady return on their investment.
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