BAC vs SAN: Which Is the Better Dividend Stock?
As of Nov 5, 2026, BAC (Bank of America Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. BAC offers the higher yield at 2.48%, BAC has the higher dividend-safety score, and SAN looks like the better value (its fair-value estimate is 36% above its share price).
Key facts: BAC vs SAN
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Bank of America Corporation (BAC) has the higher forward dividend yield at 2.48%, versus 2.38% for Banco Santander, S.A. (SAN).
- As of Nov 5, 2026, SmarterDividends grades BAC's dividend safety A (87/100) and SAN's C (63/100).
- By SmarterDividends' count as of Nov 5, 2026, BAC has raised its dividend for 12 consecutive years and SAN for 4.
- As of Nov 5, 2026, BAC pays out 28% of its earnings as dividends and SAN pays out 26%.
- As of Nov 5, 2026, BAC's fair-value estimate is 25% above its share price and SAN's fair-value estimate is 36% above its share price, so SAN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs SAN: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/bac-vs-san
| Metric | BAC | SAN |
|---|---|---|
| Forward yield | 2.48% | 2.38% |
| Annual dividend | $1.28 | $0.29 |
| Payout ratio | 28% | 26% |
| Years of growth | 12 yr | 4 yr |
| 5-yr dividend growth | 8.4% | — |
| 5-yr total return | 12% | 260% |
| Dividend safety score | 87 (A) | 63 (C) |
| Fair value estimate | $63.43 | $16.38 |
| Upside to fair value | +25% | +36% |
| Frequency | quarterly | semiannual |
| Market cap | $349.9B | $173.7B |
| P/E ratio | 12.1 | 11.4 |
Higher yield
BAC
2.48%
Safer dividend
BAC
Grade A
Faster growth
BAC
8.4%
Better value
SAN
+36% upside
BAC vs SAN — FAQ
Is BAC or SAN a better dividend stock?
On the data, BAC wins more head-to-head categories (4 vs 3). BAC offers the higher yield (2.48%), 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 SAN?
BAC has the higher forward dividend yield at 2.48%, versus 2.38% for SAN.
Is BAC or SAN safer?
BAC has the higher dividend-safety score (87/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or SAN better value right now?
As of Nov 5, 2026, SAN looks like the better value: its fair-value estimate is 36% 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.