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Bank of America Declares Quarterly Dividend of $0.2968 per Share
ByAinvest
Monday, Jul 21, 2025 10:56 am ET1min read
Bank of America Corporation has declared a quarterly dividend of $0.2968/share for its 4.750% DP PFD SS (BAC.PR.S) series. The dividend is payable on August 18 for shareholders of record on August 1, with an ex-dividend date of August 1.
Bank of America Corporation (BAC) has recently announced a quarterly dividend of $0.2968 per share for its 4.750% DP PFD SS (BAC.PR.S) series. The dividend is set to be payable on August 18, 2025, to shareholders of record on August 1, 2025, with an ex-dividend date of August 1, 2025 [2].This quarterly dividend represents a significant payout for shareholders, with an annualized dividend of $1.1872 per share, translating to a dividend yield of 2.51% based on the stock's current price. The dividend payout ratio is currently at 30.41%, indicating that Bank of America is distributing a substantial portion of its earnings to shareholders [1].
The company's recent financial performance has been robust, with Bank of America reporting $0.89 EPS for the quarter ending July 16, 2025, which exceeded the consensus estimate of $0.86 by $0.03. The company also reported a net margin of 14.81% and a return on equity of 10.25% for the same period [3].
Analysts have provided a mixed response to the company's recent earnings and dividend announcement. While UBS Group and Goldman Sachs Group have upgraded their ratings and price targets for Bank of America, other analysts, such as Wall Street Zen, have maintained a cautious stance. Overall, the average rating for Bank of America remains "Moderate Buy," with an average target price of $50.03 [3].
Institutional investors have also shown interest in Bank of America, with several large institutional investors, including Wealth Alliance LLC, Gradient Investments LLC, and Prudential Financial Inc., increasing their stakes in the company during the first quarter of 2025 [3].
References:
[1] https://stockanalysis.com/stocks/bac/dividend/
[2] https://seekingalpha.com/news/4469367-bank-of-america-corporation-4_750-percent-dp-pfd-ss-declares-0_2968-dividend
[3] https://www.marketbeat.com/instant-alerts/filing-wealth-alliance-llc-acquires-6218-shares-of-bank-of-america-corporation-nysebac-2025-07-21/
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