10 Best Value Dividend Stocks to Buy According to Billionaires

3. Bank of America Corporation (NYSE:BAC)

Number of Billionaire Holders: 18

Forward P/E Ratio as of April 13: 9.78

Bank of America Corporation (NYSE:BAC) is a North Carolina-based multinational investment bank and financial services company. The bank is widely recognized for its strong consumer banking operations and has benefited from the high-interest-rate environment as more customers flock to higher-yield deposit accounts. While elevated rates often raise the risk of loan defaults, they also allow banks to earn more from lending, a dynamic that has worked in the bank’s favor. In 2024, Bank of America added 1.1 million new consumer checking accounts, issued 4 million credit cards, and saw consumer investment assets rise 22% to $518 billion.

Bank of America Corporation (NYSE:BAC) has delivered consistently strong financial results, with an average net profit margin of 27.9% over the past five years. In the fourth quarter of 2024, net income more than doubled year over year to $6.7 billion. It also continued expanding its retail footprint, opening 213,000 new consumer checking accounts—its 24th straight quarter of growth in that segment.

Bank of America Corporation (NYSE:BAC), one of the best value dividend stocks, returned around $2 billion to shareholders through dividends last quarter and has raised its dividend for 11 consecutive years. In addition, the company maintained a 27-year track record of regular payouts. It offers a quarterly dividend of $0.26 per share and has a dividend yield of 2.89%, as of April 13.