Bank of America (NYSE: BAC) boosts dividend 14% and details $40B buyback
Rhea-AI Filing Summary
Bank of America Corporation announced that its board of directors declared a regular quarterly cash dividend of $0.32 per share on its common stock, up $0.04 per share from the prior quarter, a 14% increase. The dividend is payable on September 25, 2026 to shareholders of record as of September 4, 2026.
The company also continues repurchasing common stock under a $40 billion authorization. In the first half of 2026 it repurchased $13.2 billion of common stock and paid $4 billion in dividends, leaving approximately $17 billion of repurchase capacity as of June 30, 2026. The board also declared a quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable on October 23, 2026 to shareholders of record as of October 9, 2026.
Positive
- Quarterly common dividend raised 14% to $0.32 per share, alongside a large capital return program including $13.2 billion of share repurchases in the first half of 2026 and a $40 billion buyback authorization with about $17 billion remaining.
Negative
- None.
Filing Explained
The approximately
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly common dividend: $0.32 per share
Dividend increase: $0.04 per share (14%)
Common dividend payment date: September 25, 2026
+5 more
8 metrics
Quarterly common dividend
$0.32 per share
Regular quarterly cash dividend on common stock declared July 24, 2026
Dividend increase
$0.04 per share (14%)
Increase in common quarterly dividend versus prior quarter
Common dividend payment date
September 25, 2026
Payment date for the $0.32 per share common dividend
Common dividend record date
September 4, 2026
Record date for eligibility for the $0.32 common dividend
Share repurchase authorization
$40 billion
Board-approved common stock repurchase program effective since August 1, 2025
Repurchases in H1 2026
$13.2 billion
Common stock repurchased in the first half of 2026
Remaining buyback capacity
Approximately $17 billion
Common stock repurchases remaining under authorization as of June 30, 2026
Series B preferred dividend
$1.75 per share
Quarterly cash dividend on 7% Cumulative Redeemable Preferred Stock, Series B
Key Terms
quarterly cash dividend, common stock repurchase program, regulatory capital levels, Rule 10b5-1, +1 more
5 terms
quarterly cash dividend financial
"declared a regular quarterly cash dividend on Bank of America common stock"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
common stock repurchase program financial
"the Bank of America common stock repurchase program are subject to various factors"
A common stock repurchase program is when a company uses cash to buy back its own shares from the market, reducing the number of shares available to outside owners. Think of it like a store buying back coupons so each remaining coupon becomes a slightly larger slice of ownership and potential earnings; for investors, buybacks can raise per-share profits, change ownership percentages, and signal how management chooses to use excess cash, which can affect stock value.
regulatory capital levels financial
"ability to make capital distributions depends, in part, on its ability to maintain regulatory capital levels"
Rule 10b5-1 regulatory
"including repurchase plans that satisfy the conditions of Rule 10b5-1 of the Securities Exchange Act"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
forward-looking statements regulatory
"Certain statements contained in this news release may constitute forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What dividend did Bank of America (BAC) declare on its common stock?
Bank of America declared a regular quarterly cash dividend of $0.32 per share on its common stock, up $0.04 from the prior quarter, a 14% increase. The dividend applies to shareholders of record as of September 4, 2026.
When will Bank of America (BAC) pay the increased common dividend?
The increased common dividend will be paid on September 25, 2026. Shareholders must be on record as of September 4, 2026 to receive the $0.32 per share quarterly cash dividend.
How large is Bank of America’s (BAC) current stock repurchase program?
Bank of America has a $40 billion common stock repurchase authorization. As of June 30, 2026, approximately $17 billion of repurchase capacity remained under this program after significant buybacks since it became effective on August 1, 2025.
How much stock has Bank of America (BAC) repurchased and how much in dividends has it paid in 2026?
In the first half of 2026, Bank of America repurchased $13.2 billion of common stock and paid $4 billion in dividends. These figures highlight the scale of capital returned to shareholders over that six-month period.
What preferred stock dividend did Bank of America (BAC) announce?
The board declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. It is payable on October 23, 2026 to shareholders of record as of October 9, 2026.
What conditions affect Bank of America’s (BAC) ability to make capital distributions?
Bank of America’s ability to make capital distributions depends partly on maintaining regulatory capital above minimum requirements. Common stock repurchases also depend on capital position, liquidity, financial performance, regulatory factors and market conditions, and may be suspended or discontinued at any time.
As filed with the Securities and Exchange Commission on July 24, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices)
(704 ) 386-5681
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Bank of America Corporation Floating Rate Non-Cumulative | ||||||||
| Preferred Stock, Series 1 | ||||||||
| Bank of America Corporation Floating Rate Non-Cumulative | ||||||||
| Preferred Stock, Series 2 | ||||||||
| Bank of America Corporation Floating Rate Non-Cumulative | ||||||||
| Preferred Stock, Series 4 | ||||||||
| Bank of America Corporation Floating Rate Non-Cumulative | ||||||||
| Preferred Stock, Series 5 | ||||||||
| November 28, 2031 of BofA Finance LLC (and the guarantee of the | ||||||||
| Registrant with respect thereto) | ||||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). | |||||
| Emerging growth company | |||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | ||||
Item 8.01. Other Events.
On July 24, 2026, Bank of America Corporation (the “Corporation”) issued a press release (“Press Release”) announcing that the Corporation’s Board of Directors declared a quarterly cash dividend on the Corporation’s common stock of $0.32 per share, up $0.04 per share from the prior quarter, an increase of 14%.
A copy of the Press Release is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are filed herewith:
| EXHIBIT NO. | DESCRIPTION OF EXHIBIT | |||||||
99.1 | Bank of America Corporation press release dated July 24, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BANK OF AMERICA CORPORATION | |||||||||||
| By: | /s/ Ross E. Jeffries, Jr. | ||||||||||
| Ross E. Jeffries, Jr. | |||||||||||
| Deputy General Counsel and Corporate Secretary | |||||||||||
Dated: July 24, 2026
Exhibit 99.1
July 24, 2026
Bank of America Increases Common Stock Dividend 14% to $0.32 Per Share
CHARLOTTE, NC – Bank of America Corporation today announced that the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.32 per share, up $0.04 from the prior quarter, an increase of 14%. The dividend is payable on September 25, 2026 to shareholders of record as of September 4, 2026.
“The increase in our dividend reflects the strength of our earnings, the power of our franchise and our confidence in Bank of America’s ability to drive long-term growth and create value for shareholders,” said Bank of America Chair and CEO Brian Moynihan. “Today’s announcement also reflects our continued commitment to return excess capital to shareholders while supporting economic growth, investing in clients and communities, and maintaining strength and stability through the economic cycle.”
The company also continues to repurchase common stock under a $40 billion authorization from the Board of Directors, which has been in effect since August 1, 2025. In the first half of 2026, the company repurchased $13.2 billion of common stock and paid $4 billion in dividends. As of June 30, 2026, the current share repurchase program had approximately $17 billion in common stock repurchases remaining.
Bank of America’s ability to make capital distributions depends, in part, on its ability to maintain regulatory capital levels above minimum capital requirements. The timing and amount of common stock repurchases made pursuant to the Bank of America common stock repurchase program are subject to various factors, including the company’s capital position, liquidity, financial performance and alternative uses of capital, stock trading price, regulatory requirements and general market conditions, and may be suspended or discontinued at any time. Such repurchases may be effected through open market purchases or privately negotiated transactions, including repurchase plans that satisfy the conditions of Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on October 23, 2026 to shareholders of record as of October 9, 2026.
Forward-looking statements
Certain statements contained in this news release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. These statements often use words like "expects," "anticipates," "believes," "estimates," "targets," "intends," "plans," "predicts," "goal" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
Forward-looking statements represent Bank of America's current expectations, plans or forecasts of its future results, revenues, expenses, dividends, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. These statements are not guarantees of its future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of America's filings with the Securities and Exchange Commission (SEC), including in Bank of America’s Current Report on Form 8-K dated July 23, 2025, announcing Bank of America’s common stock repurchase program, under Item 1A. "Risk Factors" of Bank of America's Annual Report on Form 10-K for the year ended December 31, 2025, and in any of Bank of America's other subsequent SEC filings.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Investors may contact
Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com
Reporters may contact
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com