Bank of America's Board of Directors approved a 14% increase in the quarterly common stock dividend, raising it to $0.32 per share from $0.28. Chairman and CEO Brian Moynihan stated the move reflects the company's strong earnings and confidence in long-term growth.
The company will pay the increased dividend on September 25, 2026. Shareholders of record as of September 4, 2026, will receive the dividend.
This announcement follows Bank of America and its peers successfully passing the Federal Reserve's annual stress tests.
The company also noted its ongoing share repurchase program. It bought back $13.2 billion in common stock during the first half of 2026. As of June 30, 2026, approximately $17 billion in repurchase capacity remained under the current authorization.