Bank of America Corporation (NYSE:BAC) Updates On Quarterly Dividend


As per Bank of America Corporation (NYSE:BAC) statement on 2016-07-28, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.075 per share as dividend to stakeholders. The record date is set as 2016-09-02, the payout date as 2016-09-23 and the ex-dividend date is 2016-08-31.

Last fiscal Bank of America Corporation (NYSE:BAC) disbursed cash dividend of $0.075. A year ago, the payout was $0.075, which indicates a difference of 66.6667%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.075, implying 37.973% growth.

For the period ended on 2015-12-31, Bank of America Corporation (NYSE:BAC)’s earnings came at $0.36 per share compared to EPS of $0.37 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-17. For this quarter, the analysts have earnings estimate of $0.33 per share.

The interim price target for Bank of America Corporation (NYSE:BAC) is set at $17.566. This level is the mean price reached by averaging the stock views of 15 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Bank of America Corporation (NYSE:BAC) is seen at $20 and the lowest level is established at $15. This broad range highlights a standard deviation of $1.656 in reported estimates.

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