Bank of America Increases Common Stock Dividend 14% to $0.32/share
Bank of America's Board of Directors declared a quarterly cash dividend of $0.32 per share on its common stock, marking a 14% increase from the previous quarter. This decision reflects the company's strong earnings and confidence in its ability to drive long-term growth and shareholder value. The company also continues its $40 billion share repurchase program, having repurchased $13.2 billion of common stock and paid $4 billion in dividends during the first half of 2026, with approximately $17 billion remaining on the authorization.
Key Highlights
- Quarterly common stock dividend increased to $0.32 per share.
- Dividend represents a $0.04 per share increase from prior quarter.
- Dividend increase is 14%.
- Company has a $40 billion share repurchase authorization since August 1, 2025.
- $13.2 billion of common stock repurchased in the first half of 2026.
- $4 billion paid in dividends in the first half of 2026.
- Approximately $17 billion remains on the current share repurchase program.
- Quarterly cash dividend of $1.75 per share declared on 7% Cumulative Redeemable Preferred Stock, Series B.
Price Impact
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