BAC raises quarterly dividend 14.29% to $0.32 per share

Bank of America Corporation (BAC) has announced a quarterly dividend increase of 14.29%, raising its payout to $0.3200 per share. The new dividend is payable to shareholders of record as of the ex-dividend date, which is set for September 4, 2026. This marks the latest in a series of quarterly payments that have shown consistent growth.

The numbers

The previous quarterly dividend was $0.2800 per share, which was paid on June 5, 2026. Prior payments in the last year include $0.26 (June 2025), $0.28 (September 2025), $0.28 (December 2025), and $0.28 (March 2026). With this increase, the annualized dividend per share rises to $1.28, based on the new quarterly rate. At the current stock price of $62.68, the trailing twelve-month (TTM) yield is 1.85%, with TTM dividend per share of $1.1600. BAC has a strong track record of dividend growth, with a 5-year compound annual growth rate (CAGR) of 8.4% and 12 consecutive years of dividend increases. For a detailed look at past payouts, see the dividend history.

What it means for income investors

For investors holding 100 shares of BAC, the new quarterly dividend of $0.32 per share translates to $32.00 per quarter, or $128.00 annually, up from $112.00 previously. This increase reflects the company's ongoing commitment to returning capital to shareholders. The ex-dividend date of September 4, 2026, is important for investors to note, as they must own shares before that date to receive the upcoming dividend.

Reporting based on: DividendSmart market data. Figures verified against market data where available.