Why Bank Of America Is A Top 25 Dividend Giant

Bank of America has been named as a Top 25 ”Dividend Giant” by ETF Channel, with a staggering $32.99B worth of stock held by ETFs, and above-average ”DividendRank” statistics including a strong 2.18% yield, according to the most recent Dividend Channel ”DividendRank” report. The report noted a strong quarterly dividend history at Bank of America Corp, and favorable long-term multi-year growth rates in key fundamental data points.

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The annualized dividend paid by Bank of America is $0.84/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/02/2021. Below is a long-term dividend history chart for BAC, which the report stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.