Bank of America Lifts Quarterly Dividend 14% to $0.32, Updates $40B Buyback Progress
BAC sits 37% above its 52-week low of $44.75.
Summary
Bank of America declared a 14% higher quarterly dividend of $0.32 per share and reported $13.2 billion in buybacks year-to-date, underscoring strong capital generation and a shareholder-friendly posture.
Key Events · Earnings and Guidance · BAC
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Dividend Increased 14%
The board declared a quarterly cash dividend of $0.32 per share, up $0.04 from the prior quarter, payable September 25, 2026 to shareholders of record September 4, 2026.
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Buyback Program Update
Under the $40 billion authorization, $13.2 billion of common stock was repurchased in H1 2026; approximately $17 billion remained as of June 30, 2026.
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CEO Commentary
Chair and CEO Brian Moynihan cited earnings strength, franchise power, and confidence in long-term growth as drivers for the dividend increase and continued capital return.
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Preferred Dividend Declared
The board also declared a regular quarterly dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable October 23, 2026.
Analysis · BAC · Finance
Reflecting confidence in sustained earnings power after a strong Q2, Bank of America raised its common dividend by 14% to $0.32 per share. The company also disclosed that it repurchased $13.2 billion in stock during the first half of 2026, leaving $17 billion remaining on its $40 billion authorization. This capital return update reinforces management's commitment to shareholder returns, supported by robust capital levels and recent stress test clearance.
At the time of this filing, BAC was trading at $61.47 on NYSE in the Finance sector, with a market capitalization of approximately $434.9B. The 52-week trading range was $44.75 to $62.12. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.