Here's Why You Shouldn't Expect a Big Dividend Increase From Bank of America in 2018
Bank of America (NYSE: BAC) gave its shareholders a massive dividend increase in 2017, increasing its quarterly payout from $0.30 to $0.48 per share -- a 60% raise. This brought the bank's dividend yield to nearly 2%, which is a respectable, but not especially high level relative to other bank stocks.
However, shareholders shouldn't count on a similar dividend increase next year, or anytime in the near future for that matter. It's not because the bank won't be able to afford another dividend increase -- it simply believes it can put its profits to work for shareholders in a better way.
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Source: Fool.com
Bank of America Corp. Stock
€35.44
-0.530%
The stock is one of the favorites of our community with 21 Buy predictions and 2 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 18.51% compared to the current price of 35.44 € for Bank of America Corp..
