SmarterDividends

BAC vs VOYA: Which Is the Better Dividend Stock?

As of August 2026, BAC and VOYA are closely matched. BAC offers the higher yield at 2.07%, VOYA has the higher dividend-safety score, and BAC trades at the larger discount to fair value (+25%).

MetricBACVOYA
Forward yield2.07%1.92%
Annual dividend$1.28$1.88
Payout ratio26%31%
Years of growth12 yr7 yr
5-yr dividend growth8.4%24.8%
5-yr total return45%59%
Dividend safety score83 (A)87 (A)
Fair value estimate$77.08$120.20
Upside to fair value+25%+23%
Frequencyquarterlyquarterly
Market cap$435.9B$9.0B
P/E ratio14.216.5

Higher yield

BAC

2.07%

Safer dividend

VOYA

Grade A

Faster growth

VOYA

24.8%

Better value

BAC

+25% upside

BAC vs VOYA — FAQ

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