SmarterDividends

BAC vs WAL: Which Is the Better Dividend Stock?

As of September 2026, BAC and WAL are closely matched. BAC offers the higher yield at 2.29%, BAC has the higher dividend-safety score, and WAL trades at the larger discount to fair value (+87%).

MetricBACWAL
Forward yield2.29%2.22%
Annual dividend$1.28$1.68
Payout ratio26%19%
Years of growth12 yr5 yr
5-yr dividend growth8.4%9.3%
5-yr total return21%-32%
Dividend safety score86 (A)80 (A)
Fair value estimate$91.91$147.05
Upside to fair value+59%+87%
Frequencyquarterlyquarterly
Market cap$390.9B$8.3B
P/E ratio12.98.6

Higher yield

BAC

2.29%

Safer dividend

BAC

Grade A

Faster growth

WAL

9.3%

Better value

WAL

+87% upside

BAC vs WAL — FAQ

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