Bank of America increases its quarterly payout to $0.32, marking a 14.3% rise from the prior $0.28 dividend.
Bank of America announced a 14.3% increase in its quarterly dividend to $0.32 per share, up from $0.28. The move reflects the bank’s confidence in sustained earnings growth and capital return capacity.
The prior dividend stood at $0.28, with the new payout yielding 2.09% on a forward basis. The dividend is payable September 25 to shareholders of record as of September 4, with an ex-dividend date also set for September 4.
The company continues its share repurchase program alongside the dividend hike, reinforcing its capital distribution strategy.