Dividend Growth of Bank of America Corporation(BAC)

Bank of America Corporation(BAC) is having a Dividend Yield of 1.22% with the Annual cash Dividend per share of $0.25. The last quarter cash dividend per share pay out was $0.08. Bank of America Corporation has a 5 year average dividend yield of 0.82% and the stock has a Indicated annual dividend of $0.3. Bank of America Corporation(BAC) formally announced its most recent dividend on January 26, 2017 with a Dividend per share of $0.08. The new indicated annual dividend based on announced dividend per share is $0.3. The dividend yield based on the forward looking indicated annual dividend is 1.22%. Bank of America Corporation(BAC) has the most recent dividend payout ratio of 0.22 with a 5-year average payout ratio of 0.14. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.07. The 5 year historical dividend growth of Bank of America Corporation(BAC) is at the rate of 69.54% while the R-Squared dividend growth is 0.8. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Thursdays trading session turned out to be a no-profit no-loss event for Bank of America Corporation (NYSE:BAC). The opening trade occurred at $24.54 and the highest and the lowest points of the day were $24.62 and $24.3 respectively. The final trade was registered at $24.58 and the volume by the end of the day had touched 98,144,469 shares. The 52-week high of the stock is $24.77 and the 52-week low is $11.65. According to the current valuation, the market cap of the company is $247,094 million and the total number of shares available in public circulation is 10,052,625,600. Shares of Bank of America Corporation rose by 6.31% in the last five trading days and 8.62% for the last 4 weeks. Bank of America Corporation is up 22.38% in the last 3-month period. Year-to-Date the stock performance stands at 11.22%.

Currently the company Insiders own 0.18% of Bank of America Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 46.17% . Institutional Investors own 63.95% of Bank of America Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 46.17%. Company has reported several Insider transactions to the SEC, on Nov 23, 2016, Michael D White (director) purchased 25,000 shares at 20.14 per share price.On Aug 3, 2016, Thomas D Woods (director) purchased 25,000 shares at 14.13 per share price.On Feb 22, 2016, Thong M Nguyen (Pres, Ret. Bnkg & Co-Hd CB) purchased 30,000 shares at 12.43 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Bank of America Corp was Upgraded by Macquarie to Outperform on Feb 16, 2017. Company shares were Reiterated by Citigroup on Jan 11, 2017 to Buy, Raises Price Target to $ 26 from a previous price target of $19 .Bank of America Corp was Upgraded by Societe Generale to Buy on Jan 11, 2017. Company shares were Reiterated by Barclays on Jan 3, 2017 to Equal Weight, Raises Price Target to $ 26 from a previous price target of $19 .Bank of America Corp was Downgraded by Standpoint Research to Hold on Dec 1, 2016.

Bank of America Corp Last issued its quarterly earnings results on Jan 13, 2017. The company reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.38. The company had revenue of $19990.00 million for the quarter, compared to analysts expectations of $21057.81 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Bank of America Corp. is one of the worlds leading financial services companies. Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose.

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