13 Best Warren Buffett Dividend Stocks To Invest In Right Now

4. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 98

Bank of America Corporation (NYSE:BAC) is a North Carolina-based multinational investment bank and financial services company. In the past year, the stock has surged by nearly 39%. The company enjoys multiple competitive advantages that solidify its position in the industry and shield it from competition, both from traditional banks and fintech companies. Its extensive distribution network, which combines a robust digital platform with a wide branch presence, allows the bank to grow its low-cost deposit base and attract new customers, boosting revenue. In addition, its large scale supports efficient cost management, ensuring consistent profitability. The bank’s well-established brand also increases its appeal to both existing and potential clients.

In the fourth quarter of 2024, Bank of America Corporation (NYSE:BAC) reported revenue of $25.3 billion, an increase from $22 billion in the same quarter the previous year. Net income rose to $6.7 billion, more than doubling the $3.1 billion reported in the prior year. The bank also expanded its customer base, adding 213,000 new consumer checking accounts, marking the sixth consecutive year of quarterly growth. Additionally, it returned value to shareholders by paying out $2 billion in dividends.

Bank of America Corporation (NYSE:BAC), one of the best dividend stocks, currently offers a quarterly dividend of $0.26 per share and has a dividend yield of 2.23%, as of February 10. The company has been rewarding shareholders with regular dividends for the past 27 years.