Bank of America (BAC) Dividend History & Yield
Dividend ContenderBank of America (BAC) has increased its dividend for 13 consecutive years and currently yields 2.15%. The most recent dividend was $0.2800/share on Mar 27, 2026, paid Quarterly.
Current Yield
2.15%
TTM Dividend/Share
$1.10
Payment Frequency
Quarterly
Payout Ratio
27.3%
Consecutive Growth Years
13 (Dividend Contender)
Div Growth (1Y CAGR)
8.00%
Div Growth (5Y CAGR)
8.45%
Div Growth (10Y CAGR)
18.37%
BAC: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
10.6%
FCF payout ratio
4.7%
Net debt / EBITDA
3.4x
Interest coverage
0.52x
ROIC (TTM)
10.8%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 27.3%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($1.71) covers dividend/share ($1.10).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 4.7%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.4x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (8.4%) exceeds EPS growth (2.1%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 5, 2026
- Payment date
- Jun 26, 2026
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Mar 6, 2026
- Payment date
- Mar 27, 2026
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Dec 5, 2025
- Payment date
- Dec 26, 2025
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Sep 5, 2025
- Payment date
- Sep 26, 2025
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Jun 6, 2025
- Payment date
- Jun 27, 2025
- Dividend
- $0.2600
- Adj. dividend
- $0.2600
Ex-date Mar 7, 2025
- Payment date
- Mar 28, 2025
- Dividend
- $0.2600
- Adj. dividend
- $0.2600
Ex-date Dec 6, 2024
- Payment date
- Dec 27, 2024
- Dividend
- $0.2600
- Adj. dividend
- $0.2600
Ex-date Sep 6, 2024
- Payment date
- Sep 27, 2024
- Dividend
- $0.2600
- Adj. dividend
- $0.2600
Ex-date Jun 7, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Feb 29, 2024
- Payment date
- Mar 29, 2024
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Nov 30, 2023
- Payment date
- Dec 29, 2023
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Aug 31, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 5, 2026 | Jun 26, 2026 | $0.2800 | $0.2800 |
| Mar 6, 2026 | Mar 27, 2026 | $0.2800 | $0.2800 |
| Dec 5, 2025 | Dec 26, 2025 | $0.2800 | $0.2800 |
| Sep 5, 2025 | Sep 26, 2025 | $0.2800 | $0.2800 |
| Jun 6, 2025 | Jun 27, 2025 | $0.2600 | $0.2600 |
| Mar 7, 2025 | Mar 28, 2025 | $0.2600 | $0.2600 |
| Dec 6, 2024 | Dec 27, 2024 | $0.2600 | $0.2600 |
| Sep 6, 2024 | Sep 27, 2024 | $0.2600 | $0.2600 |
| Jun 7, 2024 | Jun 28, 2024 | $0.2400 | $0.2400 |
| Feb 29, 2024 | Mar 29, 2024 | $0.2400 | $0.2400 |
| Nov 30, 2023 | Dec 29, 2023 | $0.2400 | $0.2400 |
| Aug 31, 2023 | Sep 29, 2023 | $0.2400 | $0.2400 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Bank of America has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 13 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.0800 | — | — |
| 2025 | $1.0000 | $1.0800 | +8.0% |
| 2024 | $0.9200 | $1.0000 | +8.7% |
| 2023 | $0.8600 | $0.9200 | +7.0% |
| 2022 | $0.7800 | $0.8600 | +10.3% |
| 2021 | $0.7200 | $0.7800 | +8.3% |
| 2020 | $0.6600 | $0.7200 | +9.1% |
| 2019 | $0.5400 | $0.6600 | +22.2% |
| 2018 | $0.3900 | $0.5400 | +38.5% |
| 2017 | $0.2500 | $0.3900 | +56.0% |
| 2016 | $0.2000 | $0.2500 | +25.0% |
| 2015 | $0.1200 | $0.2000 | +66.7% |
| 2014 | $0.0400 | $0.1200 | +200.0% |
| 2013 | $0.0400 | $0.0400 | 0.0% |
| 2012 | $0.0400 | $0.0400 | 0.0% |
| 2011 | $0.0400 | $0.0400 | 0.0% |
| 2010 | $0.0400 | $0.0400 | 0.0% |
| 2009 | $2.2400 | $0.0400 | -98.2% |
| 2008 | $2.4000 | $2.2400 | -6.7% |
| 2007 | $2.1200 | $2.4000 | +13.2% |
| 2006 | $1.9000 | $2.1200 | +11.6% |
| 2005 | $1.7000 | $1.9000 | +11.8% |
| 2004 | $1.4400 | $1.7000 | +18.1% |
| 2003 | $1.2200 | $1.4400 | +18.0% |
| 2002 | $1.1400 | $1.2200 | +7.0% |
| 2001 | $1.0300 | $1.1400 | +10.7% |
| 2000 | $0.9250 | $1.0300 | +11.4% |
| 1999 | $0.7950 | $0.9250 | +16.4% |
| 1998 | $0.6850 | $0.7950 | +16.1% |
| 1997 | $0.6000 | $0.6850 | +14.2% |
| 1996 | $1.0200 | $0.6000 | -41.2% |
| 1995 | $0.4700 | $1.0200 | +117.0% |
| 1994 | $0.4100 | $0.4700 | +14.6% |
| 1993 | $0.3775 | $0.4100 | +8.6% |
| 1992 | $0.3700 | $0.3775 | +2.0% |
| 1991 | $0.3550 | $0.3700 | +4.2% |
| 1990 | $0.2750 | $0.3550 | +29.1% |
| 1989 | $0.2350 | $0.2750 | +17.0% |
| 1988 | $0.2150 | $0.2350 | +9.3% |
| 1987 | $0.5275 | $0.2150 | -59.2% |
| 1986 | — | $0.5275 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Bank of America (BAC) from the consolidated cash flow statement, in USD as filed.
Latest period
$9.64B
YoY change
+0.6%
5Y CAGR
+4.4%
Peak year (2007)
$10.70B
Latest annual
$9.56B
Cash dividends paid over time for Bank of America (BAC)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Bank of America (BAC)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $9.56B | +0.6% | +$60.00M | ||
| 2024 | $9.50B | +4.6% | +$416.00M | ||
| 2023 | $9.09B | +6.0% | +$511.00M | ||
| 2022 | $8.58B | +6.5% | +$521.00M | ||
| 2021 | $8.05B | +4.2% | +$328.00M | ||
| 2020 | $7.73B | +30.2% | +$1.79B | ||
| 2019 | $5.93B | -13.9% | -$961.00M | ||
| 2018 | $6.89B | +21.0% | +$1.20B | ||
| 2017 | $5.70B | +35.9% | +$1.51B | ||
| 2016 | $4.19B | +17.3% | +$620.00M | ||
| 2015 | $3.57B | +55.0% | +$1.27B | ||
| 2014 | $2.31B | +37.5% | +$629.00M | ||
| 2013 | $1.68B | -12.2% | -$232.00M | ||
| 2012 | $1.91B | +9.8% | +$171.00M | ||
| 2011 | $1.74B | -1.4% | -$24.00M | ||
| 2010 | $1.76B | +440.5% | +$1.44B | ||
| 2009 | $326.00M | -96.8% | -$9.93B | ||
| 2008 | $10.26B | -4.1% | -$440.00M | ||
| 2007 | $10.70B | +11.0% | +$1.06B | ||
| 2006 | $9.64B | +25.8% | +$1.97B | ||
| 2005 | $7.67B | +18.8% | +$1.21B | ||
| 2004 | $6.45B | +50.7% | +$2.17B | ||
| 2003 | $4.28B | +15.4% | +$572.00M | ||
| 2002 | $3.71B | +2.1% | +$77.00M | ||
| 2001 | $3.63B | +7.2% | +$244.00M | ||
| 2000 | $3.39B | +5.9% | +$189.00M | ||
| 1999 | $3.20B | +22.8% | +$595.00M | ||
| 1998 | $2.60B | +161.4% | +$1.61B | ||
| 1997 | $996.00M | +38.0% | +$274.00M | ||
| 1996 | $722.00M | +25.6% | +$147.00M | ||
| 1995 | $575.00M | +9.1% | +$48.00M | ||
| 1994 | $527.00M | +21.7% | +$94.00M | ||
| 1993 | $433.00M | +9.6% | +$38.00M | ||
| 1992 | $395.00M | — | — |
The 2025 reading of Bank of America (BAC) dividends paid is $9.56B – edged up 0.6% year-over-year.
Bank of America dividends paid compound annual growth for the 2020–2025 (5 years) window is +4.4%, sustaining 6 straight years of year-over-year growth.
Between 2007 and 2025, Bank of America dividends paid declined 10.6%, falling from $10.70B to $9.56B.
2007 marks the peak dividends paid at $10.70B, with the historical low of $326.00M recorded in 2009.
Within Financial Services, Bank of America (BAC) ranks 2nd among 8 peers we track. The peer median for dividends paid is $4.96B.
Bank of America Dividends Paid 2025: $9.56B
Bank of America dividends paid in 2025 was $9.56B, edged up 0.6% from 2024.
Bank of America Dividends Paid 2024: $9.50B
Bank of America dividends paid in 2024 was $9.50B, edged up 4.6% from 2023.
Bank of America Dividends Paid 2023: $9.09B
Bank of America dividends paid in 2023 was $9.09B, grew 6.0% from 2022.
Bank of America Dividends Paid 2022: $8.58B
Bank of America dividends paid in 2022 was $8.58B, grew 6.5% from 2021.
Bank of America Dividends Paid 2021: $8.05B
Bank of America dividends paid in 2021 was $8.05B.
See more financial history for Bank of America (BAC).
Sector peers by dividends paid
Companies in the same sector as Bank of America, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| American Express (AXP) | $2.27B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does Bank of America pay dividends?
Yes, Bank of America (BAC) pays quarterly dividends of approximately $1.10 per share annually, yielding 2.15%.
What is Bank of America's dividend yield?
Bank of America (BAC) has a current dividend yield of 2.15%.
Is Bank of America's dividend safe?
Bank of America (BAC) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Bank of America increased its dividend?
Bank of America (BAC) has 13 consecutive years of dividend increases.
What is Bank of America's dividend payout ratio?
Bank of America (BAC) has a dividend payout ratio of 27.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Bank of America's dividends paid?
Latest reported dividends paid for Bank of America (BAC) is $9.64B (period ending March 31, 2026).
How has Bank of America dividends paid changed year-over-year?
Bank of America (BAC) dividends paid changed +0.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Bank of America dividends paid?
Bank of America (BAC) dividends paid compound annual growth rate is +4.4% over the most recent 5 years available.
When did Bank of America dividends paid hit its highest annual value?
Bank of America dividends paid reached its highest annual value of $10.70B in 2007.
What was Bank of America dividends paid in 2024?
Bank of America (BAC) dividends paid in 2024 was $9.50B.
What was Bank of America dividends paid in 2025?
Bank of America (BAC) dividends paid in 2025 was $9.56B.
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