Why Bank Of America is one of the 25 biggest dividend giants

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Bank of America named one of the top 25 “Dividend Giants” by ETF Channel, with a staggering $ 32.99 billion worth of shares held by ETFs, and above average “ Rank Dividend ” statistics including a strong return of 2.18%, according to the most recent Dividend Channel “ Rank Dividend ” 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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25 dividend giants widely held by ETFs »

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

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