BAC vs HFWA: Which Is the Better Dividend Stock?
As of Nov 8, 2026, BAC and HFWA are closely matched. HFWA offers the higher yield at 3.52%, BAC has the higher dividend-safety score, and HFWA looks like the better value (its fair-value estimate is 37% above its share price).
Key facts: BAC vs HFWA
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Heritage Financial Corporation (HFWA) has the higher forward dividend yield at 3.52%, versus 2.59% for Bank of America Corporation (BAC).
- As of Nov 8, 2026, SmarterDividends grades BAC's dividend safety A (85/100) and HFWA's A (84/100).
- By SmarterDividends' count as of Nov 8, 2026, BAC has raised its dividend for 12 consecutive years and HFWA for 14.
- As of Nov 8, 2026, BAC pays out 28% of its earnings as dividends and HFWA pays out 46%.
- As of Nov 8, 2026, BAC's fair-value estimate is 29% above its share price and HFWA's fair-value estimate is 37% above its share price, so HFWA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs HFWA: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/bac-vs-hfwa
| Metric | BAC | HFWA |
|---|---|---|
| Forward yield | 2.59% | 3.52% |
| Annual dividend | $1.28 | $1.00 |
| Payout ratio | 28% | 46% |
| Years of growth | 12 yr | 14 yr |
| 5-yr dividend growth | 8.4% | 3.7% |
| 5-yr total return | 11% | 21% |
| Dividend safety score | 85 (A) | 84 (A) |
| Fair value estimate | $63.64 | $38.91 |
| Upside to fair value | +29% | +37% |
| Frequency | quarterly | quarterly |
| Market cap | $341.0B | $1.2B |
| P/E ratio | 11.8 | 14.1 |
Higher yield
HFWA
3.52%
Safer dividend
BAC
Grade A
Faster growth
BAC
8.4%
Better value
HFWA
+37% upside
BAC vs HFWA — FAQ
Is BAC or HFWA a better dividend stock?
BAC and HFWA are closely matched. HFWA has the higher yield; BAC scores better on safety.
Which has a higher dividend yield, BAC or HFWA?
HFWA has the higher forward dividend yield at 3.52%, versus 2.59% for BAC.
Is BAC or HFWA safer?
BAC has the higher dividend-safety score (85/100 vs 84/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or HFWA better value right now?
As of Nov 8, 2026, HFWA looks like the better value: its fair-value estimate is 37% above its share price (undervalued). For BAC, its fair-value estimate is 29% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.