Published Tue, 25 Feb 2014 07:22:47 -0500 on Seeking Alpha
Bank of America (BAC) and Citigroup (C) are the last two big banks to remain with their diminutive, crisis-induced dividends of one penny per share per quarter. However, with fundamentals improving at BAC seemingly by the day, many are calling for a dividend increase when the Fed's CCAR program results are announced in the coming weeks. One such forecast is from Markit, seeing BAC raising its payout from a penny per quarter to a nickel. While that doesn't sound like much, in this article, we'll take a look at what such a payout would mean for shareholders and what it could mean going forward. At five cents per share quarterly, BAC's projected dividend would provide a yield of about 1.2% and while this is nothing to write home about, such an increase would signal an important event for BAC shareholders. First, a dividend increase of that magnitude would signal...
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|BANK OF AMERICA||15.29||12.5||1.22||0.30||1.93|
Older articles featuring Bank Of America (BAC):5%+ Dividend Yield Portfolio: Outperformance Continues (Aug 2016 Review)
3 Banks That Actually Raised Dividends During The 'Great Recession'
My Dividend Growth Portfolio - Q2 2016 Summary
Dividend Investors: Avoid Living In The Past
Dividend Investors In Banks: Not All Interest Rate Increases Are Created Equal
Dividend Update - June 2016
Why The Bank Stress-Test Results Are Important For Dividend Growth
Bert's June Dividend Income Summary
Ignoring The Lions, Tigers, And Brexits And Focusing On Alpha - 5%+ Dividend Yield Portfolio (A June 2016 Review)
Dividend Raises And Cuts For June 2016