Here's How Many Shares of Bank of America You Should Own to Get $1,000 in Yearly Dividends
Bank of America (NYSE: BAC) has become one of the world's largest financial services companies. While it survived and came out of the Great Recession as a bigger firm, it wasn't smooth sailing. Its current offerings include traditional banking (e.g. deposit savings and mortgage loans), investment banking, and investments.Given that the bank's earnings are tied to the economic cycle, it's prudent to determine the dividend's safety before figuring out your annual dividends.Once you determine that Bank of America's current dividend payment is secure, how many shares do you need to own to generate $1,000 in dividends?Continue reading
Bank of America (NYSE: BAC) has become one of the world's largest financial services companies. While it survived and came out of the Great Recession as a bigger firm, it wasn't smooth sailing. Its current offerings include traditional banking (e.g. deposit savings and mortgage loans), investment banking, and investments.
Given that the bank's earnings are tied to the economic cycle, it's prudent to determine the dividend's safety before figuring out your annual dividends.
Once you determine that Bank of America's current dividend payment is secure, how many shares do you need to own to generate $1,000 in dividends?
