01—Abstract
Summary
Summary of the 8-K filed July 24, 2026. Cited figures are marked; the original filing is the authoritative source.
Bank of America (NYSE: BAC) announced on July 24, 2026 that its Board of Directors declared a regular quarterly common stock dividend of $0.32a per share, up $0.04 (14%) from the prior quarter.
The dividend is payable September 25, 2026 to shareholders of record as of September 4, 2026. The increase signals management's confidence in earnings strength, franchise durability, and its commitment to returning excess capital to shareholders, as described by Chair and CEO Brian Moynihan. The filing also updates capital return activity.
Under a $40 billionb share repurchase authorization in effect since August 1, 2025, the company repurchased $13.2 billion of common stock in the first half of 2026 and paid $4 billion in common dividends. As of June 30, 2026, roughly $17 billion remained under the current program. The release notes that repurchases remain subject to capital position, liquidity, regulatory requirements, and market conditions, and may be suspended at any time.
The Board also declared a regular quarterly dividend of $1.75c per share on the 7% Cumulative Redeemable Preferred Stock, Series B, payable October 23, 2026 to holders of record as of October 9, 2026. The 8-K is a routine disclosure under Item 8.01 (Other Events) and contains no financial statements, so investors should look to the company's earnings releases and SEC periodic reports for operating results and detailed capital ratios.
02—Key points
Key Highlights
- Common stock quarterly dividend raised 14% to $0.32 per share from $0.28 (up $0.04).
- Common dividend payable September 25, 2026; record date September 4, 2026.
- Series B 7% Cumulative Redeemable Preferred Stock dividend declared at $1.75 per share, payable October 23, 2026 (record date October 9, 2026).
- First-half 2026 share repurchases totaled $13.2 billion, plus $4 billion in common dividends paid.
- Approximately $17 billion remained under the $40 billion repurchase authorization as of June 30, 2026.
- Management frames the increase as reflecting earnings strength and continued excess capital return while supporting lending and economic growth.
- The filing is an Item 8.01 disclosure with no financial statements; detailed results must come from other filings.
03—Questions
Frequently Asked Questions
How much is the new dividend and how does it compare with the prior quarter?
The Board declared a quarterly common stock dividend of $0.32 per share, up $0.04 or 14% from the prior quarter's $0.28 per share.
When must an investor own the stock to receive the common dividend?
The dividend is payable September 25, 2026 to shareholders of record as of September 4, 2026. Investors should confirm ex-dividend timing with their broker, as it is typically set by the record date under standard settlement rules.
How much capital has Bank of America returned to shareholders recently?
In the first half of 2026, the company repurchased $13.2 billion of common stock and paid $4 billion in dividends. Roughly $17 billion remained under the $40 billion repurchase authorization in effect since August 1, 2025, as of June 30, 2026.
Could buybacks slow or stop?
Yes. The company states that repurchases depend on its capital position, liquidity, financial performance, regulatory requirements, stock price, and market conditions, and may be suspended or discontinued at any time. Repurchases must also keep regulatory capital above minimum requirements.
What does the preferred dividend announcement mean for investors?
The Board declared a $1.75 per share quarterly dividend on the 7% Cumulative Redeemable Preferred Stock, Series B, payable October 23, 2026 to holders of record as of October 9, 2026. This is a fixed, scheduled payment that is separate from the common stock dividend.
04—Continue