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%.