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||17.48||12.9||135.00||0.20||1.14|
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