BAC vs FMAO: Which Is the Better Dividend Stock?
As of Oct 15, 2026, FMAO (Farmers & Merchants Bancorp, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. FMAO offers the higher yield at 2.75%, FMAO has the higher dividend-safety score, and FMAO looks like the better value (its fair-value estimate is 40% above its share price).
Key facts: BAC vs FMAO
Data as of · Source: SmarterDividends data
- As of Oct 15, 2026, Farmers & Merchants Bancorp, Inc. (FMAO) has the higher forward dividend yield at 2.75%, versus 2.37% for Bank of America Corporation (BAC).
- As of Oct 15, 2026, SmarterDividends grades BAC's dividend safety A (86/100) and FMAO's A (95/100).
- By SmarterDividends' count as of Oct 15, 2026, BAC has raised its dividend for 12 consecutive years and FMAO for 19.
- As of Oct 15, 2026, BAC pays out 26% of its earnings as dividends and FMAO pays out 24%.
- As of Oct 15, 2026, BAC's fair-value estimate is 27% above its share price and FMAO's fair-value estimate is 40% above its share price, so FMAO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs FMAO: Dividend Yield, Safety & Value Compared," updated Oct 15, 2026, https://smarterdividends.com/compare/bac-vs-fmao
| Metric | BAC | FMAO |
|---|---|---|
| Forward yield | 2.37% | 2.75% |
| Annual dividend | $1.16 | $0.92 |
| Payout ratio | 26% | 24% |
| Years of growth | 12 yr | 19 yr |
| 5-yr dividend growth | 8.4% | 6.4% |
| 5-yr total return | 14% | 36% |
| Dividend safety score | 86 (A) | 95 (A) |
| Fair value estimate | $65.09 | $48.70 |
| Upside to fair value | +27% | +40% |
| Frequency | quarterly | quarterly |
| Market cap | $359.4B | $477.8M |
| P/E ratio | 12.5 | 11.9 |
Higher yield
FMAO
2.75%
Safer dividend
FMAO
Grade A
Faster growth
BAC
8.4%
Better value
FMAO
+40% upside
BAC vs FMAO — FAQ
Is BAC or FMAO a better dividend stock?
On the data, FMAO wins more head-to-head categories (6 vs 2). FMAO offers the higher yield (2.75%), while FMAO has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BAC or FMAO?
FMAO has the higher forward dividend yield at 2.75%, versus 2.37% for BAC.
Is BAC or FMAO safer?
FMAO has the higher dividend-safety score (95/100 vs 86/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or FMAO better value right now?
As of Oct 15, 2026, FMAO looks like the better value: its fair-value estimate is 40% above its share price (undervalued). For BAC, its fair-value estimate is 27% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.