BAC vs PCQ: Which Is the Better Dividend Stock?
As of Oct 23, 2026, BAC (Bank of America Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PCQ offers the higher yield at 5.45%, BAC has the higher dividend-safety score, and PCQ looks like the better value (its fair-value estimate is 56% above its share price).
Key facts: BAC vs PCQ
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, PIMCO California Municipal Income Fund (PCQ) has the higher forward dividend yield at 5.45%, versus 2.51% for Bank of America Corporation (BAC).
- As of Oct 23, 2026, SmarterDividends grades BAC's dividend safety A (87/100) and PCQ's B (66/100).
- By SmarterDividends' count as of Oct 23, 2026, BAC has raised its dividend for 12 consecutive years and PCQ for 0.
- As of Oct 23, 2026, BAC pays out 26% of its earnings as dividends and PCQ pays out 39%.
- As of Oct 23, 2026, BAC's fair-value estimate is 24% above its share price and PCQ's fair-value estimate is 56% above its share price, so PCQ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs PCQ: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/bac-vs-pcq
| Metric | BAC | PCQ |
|---|---|---|
| Forward yield | 2.51% | 5.45% |
| Annual dividend | $1.28 | $0.43 |
| Payout ratio | 26% | 39% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 8.4% | -9.9% |
| 5-yr total return | 15% | -58% |
| Dividend safety score | 87 (A) | 66 (B) |
| Fair value estimate | $63.43 | $12.34 |
| Upside to fair value | +24% | +56% |
| Frequency | quarterly | monthly |
| Market cap | $357.2B | $150.3M |
| P/E ratio | 12.2 | 7.2 |
Higher yield
PCQ
5.45%
Safer dividend
BAC
Grade A
Faster growth
BAC
8.4%
Better value
PCQ
+56% upside
BAC vs PCQ — FAQ
Is BAC or PCQ a better dividend stock?
On the data, BAC wins more head-to-head categories (6 vs 2). PCQ offers the higher yield (5.45%), 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 PCQ?
PCQ has the higher forward dividend yield at 5.45%, versus 2.51% for BAC.
Is BAC or PCQ safer?
BAC has the higher dividend-safety score (87/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or PCQ better value right now?
As of Oct 23, 2026, PCQ looks like the better value: its fair-value estimate is 56% 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.