Bank of America Pays Out $0.32 Per Share Each Quarter. Here's How Many Shares You'd Need for $1,000 a Year in Dividends.

Bank of America raised its quarterly dividend by 14% to $0.32 per share ($1.28 annually), offering a 2.4% yield. An investor would need 781 shares (costing ~$41,211) to generate $1,000 in annual dividend income. Despite headwinds from softer Wall Street revenue and regulatory pressures, BAC remains a solid dividend payer with 13 consecutive years of dividend increases and potential upside as the stock trades 17.5% below its 52-week high.