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Get filing alertsBank of America raises quarterly dividend 14% to $0.32/share, discloses $13.2B H1 buybacks
Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Board increased quarterly common dividend to $0.32/share from $0.28/share (14% increase), payable Sept 25 to Sept 4 holders, citing strong earnings and franchise strength.
Item 8.01 — Other Events verify on EDGAR → -
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Repurchased $13.2B of common stock and paid $4B in dividends in H1 2026, totaling $17.2B returned to shareholders under ongoing $40B authorization begun Aug 2025.
Exhibit 99.1 view on EDGAR → -
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Approximately $17B remains under current $40B share repurchase authorization as of June 30, 2026, providing continued capacity for capital return subject to regulatory requirements.
Exhibit 99.1 view on EDGAR → -
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Board declared routine quarterly preferred dividend of $1.75/share on 7% Cumulative Redeemable Preferred Stock, Series B, payable Oct 23 to Oct 9 holders.
Exhibit 99.1 view on EDGAR →
Summary
Bank of America's Board raised the quarterly common stock dividend 14% to $0.32 per share from $0.28, payable September 25 to shareholders of record September 4. Management attributed the increase to strong earnings, franchise strength, and confidence in long-term growth while maintaining commitment to return excess capital to shareholders. The dividend increase follows substantial capital deployment in the first half of 2026: $13.2 billion in share repurchases and $4 billion in dividends, totaling $17.2 billion returned to shareholders.
The company continues repurchasing shares under a $40 billion authorization that began August 1, 2025, with approximately $17 billion remaining as of June 30, 2026. The combination of an accelerated dividend and aggressive buyback pace demonstrates management's confidence in the bank's capital position and earnings trajectory. For common shareholders, the 14% dividend increase represents a meaningful boost to yield, while the sustained repurchase activity supports per-share metrics.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify