BAC vs DGICA: Which Is the Better Dividend Stock?
As of Oct 18, 2026, BAC and DGICA are closely matched. DGICA offers the higher yield at 4.12%, DGICA has the higher dividend-safety score, and BAC looks like the better value (its fair-value estimate is 24% above its share price).
Key facts: BAC vs DGICA
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Donegal Group Inc. (DGICA) has the higher forward dividend yield at 4.12%, versus 2.50% for Bank of America Corporation (BAC).
- As of Oct 18, 2026, SmarterDividends grades BAC's dividend safety A (87/100) and DGICA's A (96/100).
- By SmarterDividends' count as of Oct 18, 2026, BAC has raised its dividend for 12 consecutive years and DGICA for 22.
- As of Oct 18, 2026, BAC pays out 26% of its earnings as dividends and DGICA pays out 39%.
- As of Oct 18, 2026, BAC's fair-value estimate is 24% above its share price and DGICA's fair-value estimate is 34% below its share price, so BAC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs DGICA: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bac-vs-dgica
| Metric | BAC | DGICA |
|---|---|---|
| Forward yield | 2.50% | 4.12% |
| Annual dividend | $1.28 | $0.77 |
| Payout ratio | 26% | 39% |
| Years of growth | 12 yr | 22 yr |
| 5-yr dividend growth | 8.4% | 3.9% |
| 5-yr total return | 15% | 37% |
| Dividend safety score | 87 (A) | 96 (A) |
| Fair value estimate | $63.43 | $12.30 |
| Upside to fair value | +24% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $358.2B | $692.1M |
| P/E ratio | 12.2 | 9.7 |
Higher yield
DGICA
4.12%
Safer dividend
DGICA
Grade A
Faster growth
BAC
8.4%
Better value
BAC
+24% upside
BAC vs DGICA — FAQ
Is BAC or DGICA a better dividend stock?
BAC and DGICA are closely matched. DGICA has the higher yield; DGICA scores better on safety.
Which has a higher dividend yield, BAC or DGICA?
DGICA has the higher forward dividend yield at 4.12%, versus 2.50% for BAC.
Is BAC or DGICA safer?
DGICA has the higher dividend-safety score (96/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or DGICA better value right now?
As of Oct 18, 2026, BAC looks like the better value: its fair-value estimate is 24% above its share price (undervalued). For DGICA, its fair-value estimate is 34% below its share price.
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