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Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations · NYSE
Price: $22.94 · Annual div: $2.00/share · Frequency: quarterly · Payout ratio: 50% · Ex-div: TBD
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Year your monthly dividend income covers each expense (based on current settings)
$10,000 in MER-PK → $23.1K in 10 years · $154.16/month
Represents Income Capital Obligation Notes originally issued by Merrill Lynch & Co., Inc. and now an obligation of Bank of America Corporation following its acquisition of Merrill Lynch. In October 2018, the outstanding trust preferred securities of Merrill Lynch Capital Trust I were exchanged for these underlying notes. The notes pay interest at a fixed rate of 6.45% per annum and have a maturity date of December 15, 2066.
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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Real after-tax yield depends on where you live and how you hold MER-PK.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 8.72% | 5.92% | $872 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 7.41% | 4.61% | $741 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 6.98% | 4.18% | $698 / yr |
| 🇬🇧 UK ISA | 0% | 8.72% | 5.92% | $872 / yr |
| 🇬🇧 UK Taxable | 8.75% | 7.96% | 5.16% | $796 / yr |
| 🇨🇦 TFSA | 0% | 8.72% | 5.92% | $872 / yr |
| 🇨🇦 CA Taxable | 25% | 6.54% | 3.74% | $654 / yr |
| 🇦🇺 Super (pension) | 15% | 7.41% | 4.61% | $741 / yr |
| 🇦🇺 AU Taxable | 30% | 6.10% | 3.30% | $610 / yr |
| 🇩🇪 DE Taxable | 26.375% | 6.42% | 3.62% | $642 / yr |
| 🇫🇷 FR Taxable | 30% | 6.10% | 3.30% | $610 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
MER-PK pays quarterly — 4 times per year. Ex-div: TBD.
How MER-PK compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MER-PK sourced from FMP /financial-growth endpoint — real data, not estimates.
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
| Insider | Title | Type | Date | Shares | Price | Total Value |
|---|---|---|---|---|---|---|
| J-Other | 2023-12-18 | 29,900 | $11.50 | $343.9K | ||
| J-Other | 2023-12-18 | 70,200 | $11.50 | $807.3K | ||
| Other | 2022-06-08 | 100,100 | $11.50 | $1.15M |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
Compare MER-PK with peers: MER-PK vs CFAAX · MER-PK vs CICAX · MER-PK vs CLBAX
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Revenue breakdown from latest annual report via FMP. Percentages may not sum to 100% due to rounding.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MER-PK dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations (MER-PK) is currently trading at $22.94, 17% below its 52-week high. The current dividend yield is 8.72% based on an annual payout of $2.00 per share.
Bank of America Corp 6.45 % Notes 2018-15.12.66 Income Capital Obligations (MER-PK) is a financial services stock currently trading at $22.94 with a dividend yield of 8.72%. The company pays an annual dividend of $2.00 per share. The payout ratio of 50% suggests the dividend is well-covered by earnings.
Auto-generated from live market data. For educational purposes only — not financial advice.
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