■ Increase · July 24, 2026
Bank of America Raises Quarterly Dividend 14% to $0.32 Per Share
Bank of America increases its quarterly common stock dividend by 14% to $0.32 per share, payable September 25, 2026.
Dividend Increase Details
Bank of America Corporation (NYSE: BAC) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.32 per share on its common stock, a $0.04 increase from the prior quarter, representing a 14% rise. The dividend is payable on September 25, 2026, to shareholders of record as of September 4, 2026.
Chair and CEO Brian Moynihan stated that the increase reflects the strength of the company's earnings, the power of its franchise, and confidence in its ability to drive long-term growth and create value for shareholders. He also noted the company's commitment to returning excess capital to shareholders while supporting economic growth, investing in clients and communities, and maintaining strength and stability through the economic cycle.
Share Repurchase Program
Bank of America continues to repurchase common stock under a $40 billion authorization from the Board of Directors, effective since August 1, 2025. In the first half of 2026, the company repurchased $13.2 billion of common stock and paid $4 billion in dividends. As of June 30, 2026, approximately $17 billion in common stock repurchases remained under the current program.
The timing and amount of repurchases depend on various factors, including the company's capital position, liquidity, financial performance, alternative uses of capital, stock trading price, regulatory requirements, and general market conditions. Repurchases may be suspended or discontinued at any time and may be executed through open market purchases or privately negotiated transactions, including plans under Rule 10b5-1 of the Securities Exchange Act.
Preferred Stock Dividend
The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on October 23, 2026, to shareholders of record as of October 9, 2026.
What It Means for Income Investors
Bank of America's 14% dividend increase marks the latest in a series of hikes, supported by strong earnings and capital levels. With a robust share repurchase program also in place, the company continues to return substantial capital to shareholders. For income-focused investors, the stock's dividend history shows consistent growth, and the current yield may be attractive relative to peers.
Reporting based on: PR Newswire. Figures verified against market data where available.