Bank of America Corporation (NYSE:BAC) will begin trading ex-dividend on December 3, 2020. The quarterly dividend payment of $ 0.18 per share is scheduled to be paid on December 24, 2020. The dividend yield based on the latest trading day closing price was 2.51 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 3, 2020.
Dividends History
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Bank of America Corporation recently reported third quarter financial results on October 14, 2020, before market open, banking and financial services provider revealed income for the third quarter of $ 0.51 per share, from the revenue of $ 20,450.00 million. The quarterly earnings down 8.93 percent while revenues dropped 10.33 percent compared with the same quarter last year.
Wall street analysts are predicting, BAC to report 3Q20 income of $ 0.49 per share from revenue of $ 20806.30 million. The bottom line results beat street analysts by $ 0.02 or 4.08 percent, at the same time, top line results fell short of analysts by $ 356.3 million or 1.71 percent.
Stock Performance
Shares of Bank of America Corporation traded up $ 0.53 or 1.88 percent on Tuesday, reaching $ 28.69 with volume of 47.52 million shares. Bank of America Corporation has traded high as $ 29.04 and has cracked $ 28.67 on the downward trend
According to the previous trading day, closing price of $ 28.69, representing a 56.88 % increase from the 52 week low of $ 17.95 and a 21.16 % decrease over the 52 week high of $ 35.72.
The company has a market capital of $ 248.19 billion and is part of the Financial Services sector and Banks – Global industry.
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
