BAC vs ZION: Which Is the Better Dividend Stock?
As of Oct 18, 2026, ZION (Zions Bancorporation, National Association) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. ZION offers the higher yield at 3.03%, ZION has the higher dividend-safety score, and ZION looks like the better value (its fair-value estimate is 91% above its share price).
Key facts: BAC vs ZION
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Zions Bancorporation, National Association (ZION) has the higher forward dividend yield at 3.03%, versus 2.50% for Bank of America Corporation (BAC).
- As of Oct 18, 2026, SmarterDividends grades BAC's dividend safety A (87/100) and ZION's A (90/100).
- By SmarterDividends' count as of Oct 18, 2026, BAC has raised its dividend for 12 consecutive years and ZION for 13.
- As of Oct 18, 2026, BAC pays out 26% of its earnings as dividends and ZION pays out 23%.
- As of Oct 18, 2026, BAC's fair-value estimate is 24% above its share price and ZION's fair-value estimate is 91% above its share price, so ZION looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BAC vs ZION: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bac-vs-zion
| Metric | BAC | ZION |
|---|---|---|
| Forward yield | 2.50% | 3.03% |
| Annual dividend | $1.28 | $1.92 |
| Payout ratio | 26% | 23% |
| Years of growth | 12 yr | 13 yr |
| 5-yr dividend growth | 8.4% | 5.3% |
| 5-yr total return | 15% | 0% |
| Dividend safety score | 87 (A) | 90 (A) |
| Fair value estimate | $63.43 | $120.84 |
| Upside to fair value | +24% | +91% |
| Frequency | quarterly | quarterly |
| Market cap | $358.2B | $9.2B |
| P/E ratio | 12.2 | 8.1 |
Higher yield
ZION
3.03%
Safer dividend
ZION
Grade A
Faster growth
BAC
8.4%
Better value
ZION
+91% upside
BAC vs ZION — FAQ
Is BAC or ZION a better dividend stock?
On the data, ZION wins more head-to-head categories (6 vs 2). ZION offers the higher yield (3.03%), while ZION 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 ZION?
ZION has the higher forward dividend yield at 3.03%, versus 2.50% for BAC.
Is BAC or ZION safer?
ZION has the higher dividend-safety score (90/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is BAC or ZION better value right now?
As of Oct 18, 2026, ZION looks like the better value: its fair-value estimate is 91% above its share price (undervalued). For BAC, its fair-value estimate is 24% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.