Bank of America Corporation (BAC) To Go Ex-Dividend on September 4th

Bank of America Corporation (NYSE:BAC) declared a quarterly dividend on Friday, July 24th. Investors of record on Friday, September 4th will be given a dividend of 0.32 per share by the financial services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 4th. This is a 14.3% increase from Bank of America’s previous quarterly dividend of $0.28.

Bank of America has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Bank of America has a payout ratio of 26.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of America to earn $5.24 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 21.4%.

Bank of America Stock Up 1.2%

Shares of NYSE BAC opened at $62.00 on Friday. The firm’s 50-day simple moving average is $56.42 and its 200 day simple moving average is $53.36. The company has a market cap of $439.96 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. Bank of America has a 12-month low of $44.75 and a 12-month high of $62.28.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The firm had revenue of $8.08 billion for the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, research analysts expect that Bank of America will post 4.65 earnings per share for the current fiscal year.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Bank of America raised its quarterly dividend by 14% to $0.32 per share, a clear signal of strong capital generation and management’s commitment to shareholder returns. Bank of America hikes common stock dividend by 14%
• Positive Sentiment: The dividend boost was also highlighted in company announcements and market coverage, likely supporting sentiment that BAC’s balance sheet and earnings power remain solid. Bank of America Increases Common Stock Dividend 14% to 0.32 Per Share
• Positive Sentiment: Bank of America also continued to get attention for its investment research, including bullish calls on AI beneficiaries like Micron and Alphabet, which can reinforce the firm’s reputation and market visibility. Why BofA Thinks Micron Stock Could Be One of AI’s Biggest Long-Term Winners
• Neutral Sentiment: One report noted Bank of America’s well-known stock-market “sell signal” indicator is at its highest level since 2021, which may be seen as a cautionary macro signal rather than a direct BAC-specific issue. BofA’s famed sell signal for stocks is at its highest level since 2021
• Neutral Sentiment: Additional coverage on federal debt, inflation, and global bond weakness reflects the broader macro backdrop BAC operates in, but these items do not directly change the bank’s near-term fundamentals. Trump Called Himself the ‘King of Debt.’ Now Bank of America Says the U.S. Will Spend $2 Trillion More Than It Brings In This Year

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.