20% Dividend Increase Bank of America

bac

Recently Bank of America announced that the quarterly dividend will be increased by 20%, beginning the 3rd quarter of 2019. BAC also announced a $30.9B share buyback program. This is around 11% of the outstanding shares based on todays shareprice.

As a result of the 90 shares I have my yearly estimated dividend income will increase with $9,73.

Based on the new dividend my yield on cost will be 2,78%.

One thought on “20% Dividend Increase Bank of America”

  1. Great dividend raise we got hopefully they can keep this up for a few years because Iā€™m greedy like that lol šŸ˜‚ glad to share this increase with you.

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