15 Best Low Priced Dividend Stocks to Buy Now

11. Bank of America Corporation (NYSE:BAC)

Share Price as of the Close of March 17: $41.65

Forward P/E Ratio as of March 17: 11.05

Bank of America Corporation (NYSE:BAC) is a North Carolina-based financial services company. As of March 17, the stock closed at $41.65 per share, which makes it one of the best low-priced stocks that pay dividends. The company has consistently maintained profitability, a trait that remains a significant strength. Over the past five years, the bank has achieved an average net profit margin of 27.9%, highlighting its ability to generate positive earnings in various economic conditions. In the fourth quarter of 2024, net income more than doubled to $6.7 billion, rising from $3.1 billion in the same period the previous year. The bank also expanded its customer base, adding 213,000 new consumer checking accounts, marking six consecutive years of quarterly growth. In addition, it returned $2 billion to shareholders through dividend payments.

Operating across multiple segments—including consumer and commercial banking, capital markets and investment banking, and wealth management—Bank of America Corporation (NYSE:BAC) has demonstrated long-term resilience with a history spanning over a century. Its scale remains a key competitive advantage, generating $102 billion in revenue in 2024 and closing the year with $3.3 trillion in assets. This extensive reach enables the bank to manage operating costs more efficiently than smaller competitors while maximizing the impact of its marketing and digital initiatives. In the past 12 months, the stock has surged by over 15%.

Bank of America Corporation (NYSE:BAC) has been paying regular dividends to shareholders for the past 27 years and also maintains an 11-year streak of dividend growth. The company’s quarterly dividend comes in at $0.26 per share and has a dividend yield of 2.51%, as of March 17.