BAC vs INDB: Which Is the Better Dividend Stock?
As of Oct 18, 2026, INDB (Independent Bank Corp.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. INDB offers the higher yield at 3.20%, INDB has the higher dividend-safety score, and INDB looks like the better value (its fair-value estimate is 48% above its share price).
Key facts: BAC vs INDB
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Independent Bank Corp. (INDB) has the higher forward dividend yield at 3.20%, versus 2.50% for Bank of America Corporation (BAC).
- As of Oct 18, 2026, SmarterDividends grades BAC's dividend safety A (87/100) and INDB's A (97/100).
- By SmarterDividends' count as of Oct 18, 2026, BAC has raised its dividend for 12 consecutive years and INDB for 15.
- As of Oct 18, 2026, BAC pays out 26% of its earnings as dividends and INDB pays out 44%.
- As of Oct 18, 2026, BAC's fair-value estimate is 24% above its share price and INDB's fair-value estimate is 48% above its share price, so INDB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs INDB: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bac-vs-indb
| Metric | BAC | INDB |
|---|---|---|
| Forward yield | 2.50% | 3.20% |
| Annual dividend | $1.28 | $2.56 |
| Payout ratio | 26% | 44% |
| Years of growth | 12 yr | 15 yr |
| 5-yr dividend growth | 8.4% | 5.1% |
| 5-yr total return | 15% | 1% |
| Dividend safety score | 87 (A) | 97 (A) |
| Fair value estimate | $63.43 | $118.51 |
| Upside to fair value | +24% | +48% |
| Frequency | quarterly | quarterly |
| Market cap | $358.2B | $3.8B |
| P/E ratio | 12.2 | 11.8 |
Higher yield
INDB
3.20%
Safer dividend
INDB
Grade A
Faster growth
BAC
8.4%
Better value
INDB
+48% upside
BAC vs INDB — FAQ
Is BAC or INDB a better dividend stock?
On the data, INDB wins more head-to-head categories (5 vs 3). INDB offers the higher yield (3.20%), while INDB 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 INDB?
INDB has the higher forward dividend yield at 3.20%, versus 2.50% for BAC.
Is BAC or INDB safer?
INDB has the higher dividend-safety score (97/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or INDB better value right now?
As of Oct 18, 2026, INDB looks like the better value: its fair-value estimate is 48% above its share price (undervalued). For BAC, its fair-value estimate is 24% above its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.