BAC vs ONB: Which Is the Better Dividend Stock?
As of Oct 25, 2026, BAC and ONB are closely matched. BAC offers the higher yield at 2.53%, ONB has the higher dividend-safety score, and ONB looks like the better value (its fair-value estimate is 47% above its share price).
Key facts: BAC vs ONB
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, Bank of America Corporation (BAC) has the higher forward dividend yield at 2.53%, versus 2.29% for Old National Bancorp (ONB).
- As of Oct 25, 2026, SmarterDividends grades BAC's dividend safety A (87/100) and ONB's A (89/100).
- By SmarterDividends' count as of Oct 25, 2026, BAC has raised its dividend for 12 consecutive years and ONB for 0.
- As of Oct 25, 2026, BAC pays out 26% of its earnings as dividends and ONB pays out 25%.
- As of Oct 25, 2026, BAC's fair-value estimate is 25% above its share price and ONB's fair-value estimate is 47% above its share price, so ONB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs ONB: Dividend Yield, Safety & Value Compared," updated Oct 25, 2026, https://smarterdividends.com/compare/bac-vs-onb
| Metric | BAC | ONB |
|---|---|---|
| Forward yield | 2.53% | 2.29% |
| Annual dividend | $1.28 | $0.58 |
| Payout ratio | 26% | 25% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 8.4% | 0.0% |
| 5-yr total return | 14% | 43% |
| Dividend safety score | 87 (A) | 89 (A) |
| Fair value estimate | $63.43 | $37.34 |
| Upside to fair value | +25% | +47% |
| Frequency | quarterly | quarterly |
| Market cap | $350.0B | $9.6B |
| P/E ratio | 12.1 | 10.3 |
Higher yield
BAC
2.53%
Safer dividend
ONB
Grade A
Faster growth
BAC
8.4%
Better value
ONB
+47% upside
BAC vs ONB — FAQ
Is BAC or ONB a better dividend stock?
BAC and ONB are closely matched. BAC has the higher yield; ONB scores better on safety.
Which has a higher dividend yield, BAC or ONB?
BAC has the higher forward dividend yield at 2.53%, versus 2.29% for ONB.
Is BAC or ONB safer?
ONB has the higher dividend-safety score (89/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or ONB better value right now?
As of Oct 25, 2026, ONB looks like the better value: its fair-value estimate is 47% above its share price (undervalued). For BAC, its fair-value estimate is 25% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.