BAC vs MFC: Which Is the Better Dividend Stock?
As of Nov 13, 2026, BAC (Bank of America Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. MFC offers the higher yield at 3.10%, BAC has the higher dividend-safety score, and BAC looks like the better value (its fair-value estimate is 26% above its share price).
Key facts: BAC vs MFC
Data as of · Source: SmarterDividends data
- As of Nov 13, 2026, Manulife Financial Corporation (MFC) has the higher forward dividend yield at 3.10%, versus 2.53% for Bank of America Corporation (BAC).
- As of Nov 13, 2026, SmarterDividends grades BAC's dividend safety A (85/100) and MFC's B (70/100).
- By SmarterDividends' count as of Nov 13, 2026, BAC has raised its dividend for 12 consecutive years and MFC for 12.
- As of Nov 13, 2026, BAC pays out 28% of its earnings as dividends and MFC pays out 54%.
- As of Nov 13, 2026, BAC's fair-value estimate is 26% above its share price and MFC's fair-value estimate is 7% above its share price, so BAC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs MFC: Dividend Yield, Safety & Value Compared," updated Nov 13, 2026, https://smarterdividends.com/compare/bac-vs-mfc
| Metric | BAC | MFC |
|---|---|---|
| Forward yield | 2.53% | 3.10% |
| Annual dividend | $1.28 | $1.36 |
| Payout ratio | 28% | 54% |
| Years of growth | 12 yr | 12 yr |
| 5-yr dividend growth | 8.4% | 8.4% |
| 5-yr total return | 11% | 141% |
| Dividend safety score | 85 (A) | 70 (B) |
| Fair value estimate | $63.64 | $46.97 |
| Upside to fair value | +26% | +7% |
| Frequency | quarterly | quarterly |
| Market cap | $348.5B | $72.6B |
| P/E ratio | 12.1 | 17.5 |
Higher yield
MFC
3.10%
Safer dividend
BAC
Grade A
Faster growth
BAC
8.4%
Better value
BAC
+26% upside
BAC vs MFC — FAQ
Is BAC or MFC a better dividend stock?
On the data, BAC wins more head-to-head categories (4 vs 3). MFC offers the higher yield (3.10%), while BAC 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 MFC?
MFC has the higher forward dividend yield at 3.10%, versus 2.53% for BAC.
Is BAC or MFC safer?
BAC has the higher dividend-safety score (85/100 vs 70/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or MFC better value right now?
As of Nov 13, 2026, BAC looks like the better value: its fair-value estimate is 26% above its share price (undervalued). For MFC, its fair-value estimate is 7% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.