How High Could Bank of America's Dividend Go?

By Matt Koppenheffer and David Hanson – Mar 7, 2013 at 1:00PM

NYSE: BAC

Bank of America

Market Cap

$282B

Today's Change

(3.35%) $1.20

Current Price

$36.97

Price as of April 19, 2024, 4:00 p.m. ET

After this stress test next week, will Bank of America finally boost its dividend?

While the results of the new Dodd-Frank stress test come out tonight after trading hours for several big banks, it will be the CCAR stress test results next week that determine if these banks can raise their dividends or buy back shares, and on that front, everyone's looking at Bank of America (BAC 3.35%). In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss Bank of America's current dividend yield, and Matt tells us how high he thinks it could go.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.