SmarterDividends

BAC vs SPMA: Which Is the Better Dividend Stock?

As of September 2026, BAC and SPMA are closely matched. SPMA offers the higher yield at 8.02%, BAC has the higher dividend-safety score, and BAC trades at the larger discount to fair value (+59%).

MetricBACSPMA
Forward yield2.29%8.02%
Annual dividend$1.28$2.00
Payout ratio26%—
Years of growth12 yr0 yr
5-yr dividend growth8.4%—
5-yr total return21%—
Dividend safety score86 (A)—
Fair value estimate$91.91$29.17
Upside to fair value+59%+16%
Frequencyquarterlymonthly
Market cap$390.9B—
P/E ratio12.9—

Higher yield

SPMA

8.02%

Safer dividend

BAC

Grade A

Faster growth

BAC

8.4%

Better value

BAC

+59% upside

BAC vs SPMA — FAQ

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