BAC vs NMZ: Which Is the Better Dividend Stock?
As of Nov 9, 2026, BAC (Bank of America Corporation) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. NMZ offers the higher yield at 8.71%, BAC has the higher dividend-safety score, and BAC looks like the better value (its fair-value estimate is 29% above its share price).
Key facts: BAC vs NMZ
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, Nuveen Municipal High Income Opportunity Fund (NMZ) has the higher forward dividend yield at 8.71%, versus 2.59% for Bank of America Corporation (BAC).
- As of Nov 9, 2026, SmarterDividends grades BAC's dividend safety A (85/100) and NMZ's C (54/100).
- By SmarterDividends' count as of Nov 9, 2026, BAC has raised its dividend for 12 consecutive years and NMZ for 2.
- As of Nov 9, 2026, BAC pays out 28% of its earnings as dividends and NMZ pays out 131%.
- As of Nov 9, 2026, BAC's fair-value estimate is 29% above its share price and NMZ's fair-value estimate is 12% above its share price, so BAC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs NMZ: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/bac-vs-nmz
| Metric | BAC | NMZ |
|---|---|---|
| Forward yield | 2.59% | 8.71% |
| Annual dividend | $1.28 | $0.79 |
| Payout ratio | 28% | 131% |
| Years of growth | 12 yr | 2 yr |
| 5-yr dividend growth | 8.4% | 1.5% |
| 5-yr total return | 11% | -39% |
| Dividend safety score | 85 (A) | 54 (C) |
| Fair value estimate | $63.64 | $10.10 |
| Upside to fair value | +29% | +12% |
| Frequency | quarterly | monthly |
| Market cap | $341.0B | $1.9B |
| P/E ratio | 11.8 | 15.0 |
Higher yield
NMZ
8.71%
Safer dividend
BAC
Grade A
Faster growth
BAC
8.4%
Better value
BAC
+29% upside
BAC vs NMZ — FAQ
Is BAC or NMZ a better dividend stock?
On the data, BAC wins more head-to-head categories (7 vs 1). NMZ offers the higher yield (8.71%), 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 NMZ?
NMZ has the higher forward dividend yield at 8.71%, versus 2.59% for BAC.
Is BAC or NMZ safer?
BAC has the higher dividend-safety score (85/100 vs 54/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or NMZ better value right now?
As of Nov 9, 2026, BAC looks like the better value: its fair-value estimate is 29% above its share price (undervalued). For NMZ, its fair-value estimate is 12% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.