Will Bank of America Raise Its Dividend in 2018?
The financial industry went to the brink of extinction in 2008, and Bank of America (NYSE: BAC) was one of the most dramatically affected banking institutions during the crisis. B of A has done an excellent job of recovering from its near-disaster, but even after seeing its shares jump nearly 30% so far in 2017, the bank still has a long way to go before its stock will get back to where it traded in the mid-2000s. It took an especially hard hit during the financial crisis in 2008, and has taken longer than some of its big-bank rivals to rebound fully from the crushing blow the stock suffered after the end of the housing boom in the mid-2000s.
Dividends are an area in which it has taken Bank of America even longer to recover. Yet with B of A having delivered a huge dividend increase earlier this year, investors are increasingly optimistic that future hikes are not only likely but inevitable. Below, we'll take a closer look at whether Bank of America will raise its dividend in 2017.
Current Quarterly Dividend Per Share
Source: Fool.com
Bank of America Corp. Stock
Our community is currently high on Bank of America Corp. with 42 Buy predictions and 5 Sell predictions.
As a result the target price of 41 € shows a slightly positive potential of 1.96% compared to the current price of 40.21 € for Bank of America Corp..
