Bank of America (BAC) Declares $0.18 Quarterly Dividend; Approves $2.9 Billion Buyback

January 19, 2021 6:16 AM EST

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Bank of America (NYSE: BAC) declared a quarterly dividend of $0.18 per share, or $0.72 annualized.

The dividend will be payable on March 26, 2021, to stockholders of record on March 5, 2021, with an ex-dividend date of March 4, 2021.

The annual yield on the dividend is 2.2 percent.

Also, the Board authorized the repurchase of $2.9 billion in common stock through March 31, 2021, plus repurchases to offset shares awarded under equity-based compensation plans during the same period, estimated to be approximately $0.3 billion. This authorization equals the maximum allowed for the period, according to guidelines established by the Federal Reserve Board following the results of the latest Comprehensive Capital Analysis and Review examination.

For a dividend history and other dividend-related data on Bank of America (BAC) click here.

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