Is Bank of America good dividend stock?
Over the past three years, Bank of America Corp's annual dividend growth rate was 8.50%. Extended to a five-year horizon, this rate increased to 10.60% per year. And over the past decade, Bank of America Corp's annual dividends per share growth rate stands at an impressive 31.70%.
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- Hindustan Unilever Ltd.
- ITC Ltd.
- State Bank of India.
- Infosys Ltd.
- Housing Development Finance Corporation Ltd.
- Bharti Airtel Ltd.
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| Stock | Trailing annual dividend yield* |
|---|---|
| Crown Castle Inc. (CCI) | 5.9% |
| Pfizer Inc. (PFE) | 5.9% |
| Boston Properties Inc. (BXP) | 6.2% |
| Kinder Morgan Inc. (KMI) | 6.2% |
Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 49 buy ratings, 23 hold ratings, and 6 sell ratings.
Bank of America Corporation ( BAC ) pays dividends on a quarterly basis. Bank of America Corporation ( BAC ) has increased its dividends for 11 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
- Verizon Communications VZ.
- Johnson & Johnson JNJ.
- Philip Morris International PM.
- Altria Group MO.
- Comcast CMCSA.
- Medtronic MDT.
- Pioneer Natural Resources PXD.
- Duke Energy DUK.
| Company | Dividend Yield |
|---|---|
| Washington Trust Bancorp, Inc. (WASH) | 9.16% |
| Eagle Bancorp Inc (MD) (EGBN) | 8.80% |
| Alexander's Inc. (ALX) | 8.61% |
| First Of Long Island Corp. (FLIC) | 8.27% |
The concern is the bank's large holding of low-yielding mortgage securities, among other bonds, that have caused it to suffer unrealized losses of $105.8 billion at the end of the second quarter.
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| JP Morgan (JPM) | Financials | $5.63B |
| Bank of America (BAC) | Financials | $282.41B |
| Wells Fargo & Co. (WFC) | Financials | $199.49B |
| Citigroup (C) | Financials | $113.83B |
Berkshire Hathaway (BRK.A 0.36%)(BRK.B 0.21%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake. As of March 2024, it was the second-largest of Warren Buffett's stock holdings after Apple (AAPL -0.81%), worth almost $37 billion.
What is the dividend for BAC in 2024?
CHARLOTTE, NC – Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.24 per share, payable on March 29, 2024 to shareholders of record as of March 1, 2024.
BAC pays a dividend of $0.24 per share. BAC's annual dividend yield is 2.56%. When is Bank of America ex-dividend date? Bank of America's previous ex-dividend date was on Feb 29, 2024.
At the most basic level, you only need to own a stock by the ex-dividend date (or deadline) in order to get the dividend. And you can sell the stock a day or two after that, once everything settles. So in theory, you only need to own the stock for a couple of days to get the dividend.
| Dividend Stock | Current Dividend Yield* | Analysts' Implied Upside* |
|---|---|---|
| Johnson & Johnson (JNJ) | 3.1% | 25.3% |
| Merck & Co. Inc. (MRK) | 2.4% | 10.6% |
| Chevron Corp. (CVX) | 4% | 30.8% |
| Coca-Cola Co. (KO) | 3.3% | 18.1% |
| Ticker | Name | Dividend Safety |
|---|---|---|
| ENB | Enbridge | Safe |
| EPD | Enterprise Products Partners | Safe |
| T | AT&T | Borderline Safe |
| VZ | Verizon | Safe |
The Top 10 list of companies that have paid monthly dividends in 2022 includes ARMOUR Residential REIT, Inc., Orchid Island Capital, Inc., AGNC Investment Corp., Oxford Square Capital Corp., Ellington Residential Mortgage REIT, SLR Investment Corp., PennantPark Floating Rate Capital Ltd., Main Street Capital ...
The Coca-Cola Company's ( KO ) dividend yield is 3.22%, which means that for every $100 invested in the company's stock, investors would receive $3.22 in dividends per year. The Coca-Cola Company's payout ratio is 74.22% which means that 74.22% of the company's earnings are paid out as dividends.
Some of the greatest dividend stocks on Earth are brand-name, time-tested companies that have been increasing their payouts for decades. Perfect examples include Johnson & Johnson (JNJ 0.67%) and Coca-Cola (KO 0.68%), which have each increased their base annual payouts for 61 consecutive years.
| Stock | Dividend yield | Dividend growth streak |
|---|---|---|
| Procter & Gamble Co. (PG) | 2.4% | 68 years |
| 3M Co. (MMM) | 6.5% | 65 years |
| Coca-Cola Co. (KO) | 3.3% | 61 years |
| Johnson & Johnson (JNJ) | 3.2% | 61 years |
Dividends can be classified either as ordinary or qualified. Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates.
What is a good dividend yield?
What Is a Good Dividend Yield? Yields from 2% to 6% are generally considered to be a good dividend yield, but there are plenty of factors to consider when deciding if a stock's yield makes it a good investment. Your own investment goals should also play a big role in deciding what a good dividend yield is for you.
Dividend Yield
Apple's annual dividend in 2021 was $0.88 ($0.22 paid quarterly). Based on Apple's stock price as of March 1, 2022 of around $163 per share, the dividend yield is approximately 0.50%.
The average price target represents 9.47% Increase from the current price of $35.89. Bank of America's analyst rating consensus is a Moderate Buy. This is based on the ratings of 20 Wall Streets Analysts.
Overall, Bank of America appears to be in a relatively healthy financial position and is not currently in imminent danger of collapse.
Experts have mixed opinions about Bank of America (BAC-N) with some seeing it as a top pick due to its global presence, steady performance, and potential for growth. Others have concerns about the impact of rising interest rates, underwater bonds, and the overall banking industry turmoil in the US.
