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 ongoing capital return strategy amid stable earnings growth.
The new dividend yields 2.09% on a forward basis. Payment is set for September 25 to shareholders of record as of September 4, with the ex-dividend date also on September 4. The bank continues its share repurchase program alongside the dividend hike.
The increase follows a period of steady financial performance and aligns with broader sector trends of returning capital to investors.