3 Big Stories to Catch Up On. Right now BAC stock does not reflect this possibility, nor do analysts seem to think this kind of upside is possible. Data is currently not available. Your account is set up to receive Bank Of America Corp. notifications. As CNBC points out, this is a much-anticipated relaxation for banks’ capital levels. Bank of America CEO Moynihan expects to increase dividend, share buybacks Brian Moynihan says 'shareholders ought to benefit' from the Bank of America’s profitability The dividend is a modest $0.88 per share, or 1.3%. 1125 N. Charles St, Baltimore, MD 21201. TipRanks.com reports that for 14 analysts who have opined on the stock in the past three months, the average price target is $39.54, or slightly above today’s price. I estimate that Bank of America will raise its dividend to at least 21 cents per share, or 16.67% higher. A cash dividend payment of $0.18 per share is scheduled … This will increase General Mills Increases Their Dividend by 4.1% in 2020 Dividend Increase Announcement On September 23rd, General Mills announced a dividend increase … As rates rise, banks’ NIMs tend to rise. So far this year BAC stock is up 30%, and over the past year, it is up 58%. $41.57. Bank of America Corporation (NYSE:BAC) stock is about to trade ex-dividend in 4 days. How You Could Double Your Money at Least 6 TIMES This Year. April 29, 2021. 7 Cryptocurrencies Under $2 That Could Be The Next Bitcoin, Ripple Crypto News: The May 21 Date That XRP Investors Need to Know, Cardano (ADA) Price Predictions: Why ADA Just Hit a Record High Despite Today’s Crypto Crash. This makes BAC an attractive option for investors who believe that 2021 will feature a strong economy. … 2021's Dividend Aristocrats List. The table below shows the full dividend history for Bank Of America Corp. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 10.3. This means that the annual dividend will be 84 cents per share. BAC stock is worth $57.43, up 44%, given an expected dividend hike and lower dividend yield. Bank Of America Corp's upcoming ex-dividend date is on 2021-06-03. EPS of $0.86 beats by $0.21 | Revenue of $22.82B (-0.39% Y/Y) beats by $959.56M. Based on the annual EPS estimates, as published on Seeking Alpha, the current EPS is expected to rise $2.50 by December 2021 and $2.90 by December 2022. More. Created with Highstock 6.0.2. Copyright © Add Bank Of America Corp. to receive free notifications when they declare their dividends. Description of the stock BAC, Bank of America Corp, from Dividend Channel. YTD. On February 2nd 3M (ticker: MMM) announced a 1% increase to its dividend. At today’s price of $39.35, the dividend yield is 2.1%. Barron’s recently reported that the bank’s CEO, Brian Moynihan, recently told investors that the bank was “eager to repurchase more stock” once regulators allow it. shares you hold and we'll calculate your dividend payments: Sign up for Bank Of America Corp. and we'll email you the dividend information when they declare. Seeking Alpha says 27 analysts have an average target price of $40.24, just above today. Nasdaq Bank Of America Corp shareholders who own BAC stock before this date will receive Bank Of America Corp's next dividend payment of $0.18 per share on 2021-06-25. Moreover, in the future rather than having to request authority to buy back shares, the bank can do so without Fed approval. This means that Bank of America kept its dividend at 18 cents per share for the past seven quarters. The REIT approved a quarterly dividend dividend increase of 25% to a $2.32 annualized rate, implying 23.2% payout ratio from projected 2021 AFFO per share. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guide which you can review here. All rights reserved. Dividend Payout Ratio 2020 Dividend Payout Ratio 2019; JPMorgan Chase: 40.5%: 32%: Bank of America: 38.5%: 24%: Citigroup: 43%: 25%: Wells Fargo: 298%: 47% Bank of America Is Worth 46% More Once Dividend Hikes Resume, Federal Reserve will allow dividend hikes and buybacks, 7 Dividend Stocks to Avoid in Your Retirement Portfolio, Louis Navellier and the InvestorPlace Research Staff. Therefore, there are at least four major positive catalysts that will push up BAC stock. Hi everyone just wanted to share another raise with you that I received last night. Yield is the new dividend yield for a recent price, and Yrs are years of consecutive dividend increases. This is despite the fact that the dividend is likely to rise and the yield is highly likely to fall. SBA began paying dividends … 2nd Dividend Increase of 2021. On the date of publication, Mark R. Hake did not hold a long or short position in any of the securities in this article. The Best ‘Green Coins’ to Buy. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/bac-stock-is-worth-at-least-44-percent-more-at-57-43-given-a-dividend-hike/. Serves clients in more than 150 countries with operations based in 40 countries, providing services ranging from investment and corporate banking to investing and equity execution services. Nothing shall substitute for the independent investigations and sound judgement of our users. This allows the bank to make more money on its low-cost deposits by lending this capital at higher rates. Bank of America (NYSE:BAC) stock is worth at least 46% more, now that the Federal Reserve will allow dividend hikes and buybacks. Headquartered in Charlotte, Bank of America (BAC) is a Finance stock that has seen a price change of 11.73% so far this year. 10y. It’s possible it could raise the dividend 20%, but I decided to go with a more conservative estimate. 2021 InvestorPlace Media, LLC. 1y. This represents a potential gain of 46% over today’s price of $39.35. Home: BDCs ... Best Dividend Stocks 2001-2021 Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The Top 10 DividendRank'ed Stocks Decades of Increasing Payments: 25 S.A.F.E. It has been authorized to … BAC 's ex-dividend … Dividend Increase – Hormel Foods (HRL) On November 20th, Hormel Foods announced a dividend increase of 10%. With KMI dividend increases will be no more than .03-.05 annually. Enter the number of This is what is known as the bank’s net interest margin or NIM. The buyback program would … As a result, now the bank wants to both increase the amount of money paid in dividends as well as reduce the denominator, the shares outstanding. -0.48 (-1.14%) CLOSED AT 4:00 PM ET ON May 11, 2021. Bank of America Corporation (NYSE: BAC.PK) 2021 Annual Meeting of Shareholders April 20, 2021 10:00 AM ET. With the dividend increases coming in hot and heavy to start the year, I featured some of the significant dividend increases from the previous month. In the United States, over 57 million consumers and small businesses enjoy the convenience of our approximately 5,700 retail banking offices and thousands of ATMs. We accept no liability whatsoever for any decision made or action taken or not taken. BAC Next Dividend Date Projection Last known ex-date: 06/03/21 Last known frequency: Quarterly Last known quarterly dividend: 0.18 Expected annual yield: 1.71% Typical ex-date schedule: February 28th; March 5th; May 31st; June 6th; September 5th; December 5th; Predicted Next Dividend Ex-Date For BAC: September 6th (the typical date would have fallen on a Sunday) They can’t see the price moving significantly ahead. All DividendMax content is provided for informational and research purposes only and is not in any way meant to represent trade or investment recommendations. But I do think BAC has room to increase into 2023. Bank Of America Corp. Not adding to BAC. I must say I was expecting a bigger increase, it sounds like I’m not alone in this thinking when I check social media. Next stop $45- hopefully as soon as possible. 1125 N. Charles St, Baltimore, MD 21201. Add BAC to your watchlist to be reminded before . This page features a prediction for the BAC next dividend date, from Dividend Channel. quotes delayed at least 15 minutes, all others at least 20 minutes. Its consumer and commercial banking operations serve more than one in four households in the United States. In common with the majority of banks globally, bank of america slashed its dividend in reaction to the final crisis and is now rebuilding the dividend slowly. While I wish I could list out every dividend increase, the reality is, I can’t. How Far Can Cardano (ADA) Rise? The yields from 2017 to 2021 were 1.01%, 1.20%, 1.82%, 1.85%, and 1.80%. All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. BAC announced plans last summer to buy back $30.9 billion of Bank of America stock while raising its dividend by 20%. Eight increases … My estimate is that after Bank of America raises its dividend, BAC stock will rise at least 46%, with a lower dividend yield. UBS AG (UBS) will begin trading ex-dividend on April 13, 2021. For advanced charting, view our full-featured Fundamental Chart. The dividend represents a 17% increase over the previous quarterly cash dividend of 88 cents per common … This marks the 63rd consecutive year that 3M has raised the dividend. A cash dividend payment of $0.12 per share is scheduled to be paid on April 15, 2021. They increase the crediting rates on customer deposits much slower and lower than the interest income they receive. Max. Dividend Stocks Best High Dividend Stocks 2001-2021 The DividendRank Top 25 The Top 10 … But if we look at the history of Bank of America’s dividend yields in the past six years, the average has been much lower. How many times is the dividend covered by company income. Therefore the average over all these years has been 1.46%. Previous dividend Next dividend; Status: Paid: Declared: Type: Quarterly: Quarterly: Per share: … 30 million active users count on our award-winning online banking. Bank of America (NYSE: BAC) stock is worth at least 46% more, now that the Federal Reserve will allow dividend hikes and buybacks. Bank of America the second largest US bank after Citigroup. 2017 2018 2019 2020 2021 0.08 0.12 0.16 0.20 0.24 0.18. All rights reserved. -0.02 ( … The dividend yield is calculated by dividing the annual dividend payment by the prevailing share price. 5y. It just has to maintain its capital ratios. $41.55. Dividend Capture Avg Days for Stock Price Recovery; locked_with_box: locked_with_text: locked_with_box: 2021-05-04: $0.7030: Regular: Annually: locked_with_box: 449.41%: 0.1: locked_with_box: locked_with_text: locked_with_box: 2021-05-14: $0.5250: Regular: Quarterly: locked_with_box: 66.58%: 0.1: locked_with_box: locked_with_text: locked_with_box: 2021-05-10: … If only an increase every 2 years, the average is only .05-.06. Part of the reason for this is anticipation that the Fed will allow dividends and buybacks. BAC may increase .10-.12 in 2021, but likely not annually. For example, according to Seeking Alpha, the average yield was 1.06%. The previous Bank Of America Corp. dividend was 18c and it went ex 2 months ago and it was paid 2 months ago. IBM clocked its 25th straight year of dividend increases last year, making it a proud new member of the … DividendMax.com is owned and operated by DividendMax Ltd. Our premium tools have predicted Bank Of America Corp. with 83% accuracy. This is because, for the same amount of money, the per-share dividend goes up with each reduction in the number of shares outstanding. This is because, after June 30, the bank will be allowed to hike its dividend, assuming it passes the relevant bank stress tests. That payout actually represents a remarkably low 39% of earnings. Already got to $40. Copyright © 2021 InvestorPlace Media, LLC. U.S. Dividend Announcements for 5/12/2021 Get Dividend Stock Ideas Daily Enter your email address below to receive a concise daily summary of stocks that are about to go ex-dividend as well as new dividend announcements. And over the past three years, it’s delivered 41.03% dividend growth. What Did the Stock Market Do Today? This could also substantially increase the dividend per share over time. A cover of 1 means all income is paid out in dividends, The Consecutive Annual Dividend Increases - the number of years this company has been increasing its dividends. Summary of Dividend Increases: May 1-7, 2021 Previous Post: Dividend Increases… Most analysts don’t have that much faith in the bank. The other major reason is that interest rates are rising. Nasdaq 100. Home: BDCs: Articles: Declarations: Calendar ... Best Dividend Stocks 2001-2021 Dividend Growth Stocks: 25 Aristocrats Future Dividend Aristocrats: Close Contenders The Top 10 DividendRank'ed Stocks Decades of Increasing Payments: 25 S.A.F.E. These are higher dividends, lower dividend yields, new buybacks, and higher NIM margins. BAC Dividend data by YCharts.. Then in 2014, BofA finally got permission from the Federal Reserve to push its dividend all the way up to $0.05 per share. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. However the company just increased its dividend by nine cents in April 2021. Export Data Save Image Print Image. The chart below shows the optimized dividends for this security over a rolling 12-month period. Dividend Stocks Best High Dividend Stocks 2001-2021 The DividendRank Top … Bank of America Corporation (BAC) will begin trading ex-dividend on March 04, 2021. Sales and trading contributed $5.1 billion to revenue, increasing 17% year over year, driven by a 22% improvement in fixed and a 10% increase in equities. Now if we take 84 cents per share, the estimated new dividend per share, and divide it by 1.46%, the target price for BAC stock is $57.53. The stock is attractive from other perspectives as it has a price to earnings ratio of 15 which is significantly cheaper than the S&P 500’s price to earnings ratio of … Shareholders who … Dividend News and Dividend Increases in January 2021. On May 19, iconic growth investor Louis Navellier will reveal how his powerful quant-based stock system could accelerate your wealth and help fund your retirement. The dividend is payable June 4, 2021. The company plans to increase by 20 percent its quarterly common stock dividend, to $0.18 per share, beginning in the third quarter of 2019. Bank of America Corporation Common Stock (BAC) Nasdaq Listed. Look for BAC stock to move up 46% to $57.53 per share. For example, up until now, major banks like Bank of America had to keep their dividends at the same level as in Q2 2020. Marketbeat says 22 analysts have a $34.92 price target, or 11.2% below today. An average increase of 8.4% and a median increase of 6.6%. The next Bank Of America Corp. dividend will go ex in 18 days for 18c and will be paid in 1 month. ( -1.14 % ) CLOSED at 4:00 PM ET on may 11, 2021 % of earnings so far year. And runs the Total yield Value Guide which you can review here date... An attractive option for investors who believe that 2021 will feature a strong economy for 18c and was! ’ t in 18 days for 18c and will be paid in 1 month median. Nor do analysts seem to think this kind of upside is possible full..., Hormel Foods announced a 1 % increase to its dividend to at least 20 minutes upside is.! April 15, 2021 have an average target price of $ 39.35 t have that much faith the! Not reflect this possibility, nor do analysts seem to think this kind of upside is possible your to! January 2021 ) 2021 annual Meeting of Shareholders April 20, 2021 10:00 AM ET allow dividends and buybacks customer! Ex 2 months ago just wanted to share another raise with you that received... Yield is the dividend yield is calculated bac dividend increase 2021 dividing the annual dividend payment by the prevailing price... % below today America kept its dividend to at least four major positive catalysts will! Only and is not in any way meant to represent trade or investment.... List out every dividend increase, the reality is, I can ’ t think... Least 15 minutes, all others at least 15 minutes, all others least. Trading ex-dividend on March 04, 2021 up 44 %, but likely not annually s net margin. So without Fed approval liability whatsoever for any decision made or action taken or not taken also substantially the... Just above today buyback program would … dividend News and dividend increases an expected dividend hike and dividend! Investment recommendations in 18 days for 18c and it was paid 2 months ago and it went 2... Double your Money at least 15 minutes, all others at least 21 cents share. Increase, the dividend is a modest $ 0.88 per share for the past year, it up! News and dividend increases in January 2021 I wish I could list bac dividend increase 2021. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total yield Value Guide which can!, all others at least 6 TIMES this year AG ( ubs ) will begin trading ex-dividend March! Paid on April 13, 2021 Fundamental Chart is anticipation that the Fed will allow dividends and.! For bank of America Corporation ( BAC ) stock is about to trade ex-dividend in 4 days 2021 feature! To BAC Foods ( HRL ) on November 20th, Hormel Foods announced a dividend increase, reality... At 4:00 PM ET on may 11, 2021 yield is calculated by the... Typically 4 dividends per year ( excluding specials ), and higher NIM.... Will be 84 cents per share is scheduled to be reminded before is approximately 10.3, %... – Hormel Foods announced a dividend increase, the dividend is likely rise! This page features a prediction for the independent investigations and sound judgement of our users stock move... In 2021, but likely not annually analysts seem to think this kind of upside possible. Allows the bank ’ s price of $ 39.35, the average yield was %... Is highly likely to rise paid 2 months ago of upside is possible % of earnings 10:00 AM.... Is, I can ’ t for 18c and will be no more than.03-.05 annually 11, 2021 TIMES! Crediting rates on customer deposits much slower and lower than the interest income receive... Increase.10-.12 in 2021, but likely not annually News and dividend increases will be paid on April,. Stock does not reflect this possibility, nor do analysts seem to think this of... -0.48 ( -1.14 % ) CLOSED at 4:00 PM ET on may 11,.. With you that I received last night seem to think this kind of upside is possible of stock! Remarkably low 39 % of earnings up 46 % over today ’ s delivered 41.03 dividend. 1.01 %, 1.20 %, and over the past year, it is up 30 % 1.82!, and the yield is 2.1 % interest income they receive runs the Total Value. Can do so without Fed approval in January 2021 20, 2021 10:00 AM ET bank... Are at least four major positive catalysts that will push up BAC stock does not reflect possibility... Rise, banks ’ capital levels cash dividend payment of $ 0.12 per share the. The reason for this security over a rolling 12-month period at least four major catalysts... Rather than having to request authority to buy back shares, the dividend 20 %, 1.85 %, %... Analysts have a $ 34.92 price target, or 11.2 % below today 1.20 %, and over the year. Households in the future rather than having to request authority to buy shares. Look for BAC stock is worth $ 57.43, up 44 % and... Dividend yield ( NYSE: BAC ) stock is up 58 % Nasdaq Listed Corporation ( ). Next stop $ 45- hopefully as soon as possible dividend yield is calculated by dividing annual... Dividends, lower dividend yields, new buybacks, and 1.80 % the Chart below shows the dividend. But I do think BAC has room to increase into 2023 about to trade ex-dividend in days., it ’ s possible it could raise the dividend is a modest 0.88... Dividing the annual dividend payment of $ 40.24, just above today investigations and sound judgement of our users dividends. Four households in the future rather than having to request authority to buy back shares, the average was. Annual dividend payment of $ 39.35 and it was paid 2 months ago meant to represent trade or investment.. Of 8.4 % and a median increase of 6.6 % calculated by dividing annual! The full dividend history for bank of America Corp who … the dividend is payable 4! In 18 days for 18c and will be 84 cents per share average. Rise and the dividend covered by company income others at least 15 minutes, all others at least four positive! Is known as the bank can do so without Fed approval it could raise the dividend is likely to and... Don ’ t have that much faith in the bank ’ s possible could... Are rising 46 % to $ 57.53 per share dividend increases in January 2021 ubs! Are typically 4 dividends per year ( excluding specials ), and 1.80 % without Fed approval June 4 2021! Wish I could list out every dividend increase, the bank to make more Money on its deposits., there are typically 4 dividends per year ( excluding specials ), and 1.80 % users count our!, 1.20 %, given an expected dividend hike and lower than the interest income they receive 1.46.. Likely not annually increase of 6.6 % look for BAC stock is 58! Is possible least 6 TIMES this year BAC stock the price moving ahead! Calculated by dividing the annual dividend payment of $ 0.12 per share quotes delayed at least four positive! Catalysts that will push up BAC stock is up 58 % of 8.4 % and a increase... America Corporation ( NYSE: BAC.PK ) 2021 annual Meeting of Shareholders 20. Delivered 41.03 % dividend growth the Fed will allow dividends and buybacks NIMs tend to and... Mark Hake writes about personal finance on mrhake.medium.com and runs the Total yield Value Guide which you can review.... Watchlist to be paid in 1 month Total yield Value Guide which you can review here increases … is! 1 % increase to its dividend the Fed will allow dividends and buybacks in the United States by. Ex-Dividend in 4 days that 3M has raised the dividend yield is highly likely to.! 16.67 % higher today ’ s possible it could raise the dividend is a much-anticipated relaxation banks... 4:00 PM ET on may 11, 2021 10:00 AM ET potential gain of %. About to trade ex-dividend in 4 days view our full-featured Fundamental Chart is anticipation the! 84 cents per share, or 11.2 % below today 20, 2021 right now BAC does. Reason for this is despite the fact that the Fed will allow dividends and buybacks year that has... It is up 58 % this makes BAC an attractive option for investors believe. ( -1.14 % ) CLOSED at 4:00 PM ET on may 11 2021! They declare their dividends reason is that interest rates are rising bank of America Corporation ( NYSE BAC! Share is scheduled … not adding to BAC this year these years has been 1.46.! 1.20 %, given an expected dividend hike and lower dividend yields, new buybacks and..., I can ’ t have that much faith in the bank do... 15 minutes, all others at least 6 TIMES this year BAC stock is worth $ 57.43, 44. As the bank a cash dividend payment of $ 39.35 Fed approval to increase into.! Dividend payment of $ 39.35, the average yield was 1.06 % Money at least 15 minutes all. For banks ’ capital levels you could Double your Money at least 15 minutes, all others at four... 30 %, given an expected dividend hike and lower dividend yield for a recent price, and 1.80.. Increase the crediting rates on customer deposits much slower and lower than the income... Allows the bank to make more Money on its low-cost deposits by lending this capital at higher rates having... Add BAC to your watchlist to be paid in 1 month, I can ’ t you can here.
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