SmarterDividends

BAC vs NML: Which Is the Better Dividend Stock?

As of September 2026, BAC and NML are closely matched. NML offers the higher yield at 8.04%, BAC has the higher dividend-safety score, and NML trades at the larger discount to fair value (+59%).

MetricBACNML
Forward yield2.21%8.04%
Annual dividend$1.28$0.84
Payout ratio26%30%
Years of growth12 yr0 yr
5-yr dividend growth8.4%35.6%
5-yr total return21%97%
Dividend safety score86 (A)68 (B)
Fair value estimate$91.91$16.84
Upside to fair value+59%+59%
Frequencyquarterlymonthly
Market cap$393.0B$583.6M
P/E ratio13.04.3

Higher yield

NML

8.04%

Safer dividend

BAC

Grade A

Faster growth

NML

35.6%

Better value

NML

+59% upside

BAC vs NML — FAQ

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