Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Bank of America Stock [Yahoo! Finance]
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Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
investor.bankofamerica.com
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Source: Yahoo! Finance
Whatever the case, Bank of America (NYSE: BAC) is a compelling way to generate reliable cash flow from your investments. Bank of America stock's dividend-paying potential BofA stock currently boasts a dividend yield of just under 2.5%. If you needed $1,000 worth of annual dividend income, a $40,816 investment in Bank of America right now would produce this amount of cash in a year. If you need that amount of income on a quarterly or monthly basis, the required investment is ratcheted up to $163,265 and nearly $490,000, respectively. That's a pretty large chunk of change for what's not a great deal of dividend income. There are certainly higher-yielding dividend stocks out there. What BofA lacks in total yield, however, it makes up for in reliable dividend growth and capital appreciation. Ever since finally and fully shrugging off the effect of 2008's subprime mortgage meltdown in 2016, the U.S.'s second-biggest bank has been steadily raising its per-share dividend payment. It's
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News
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BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 6/25/24 - Form 424B2
- 6/24/24 - Form FWP
- 6/24/24 - Form FWP
- BAC's page on the SEC website