25 Best Dividend Stocks to Buy According to Billionaires

3. Bank of America Corporation (NYSE:BAC)

Number of Billionaire Investors: 18

Dividend Yield as of March 3: 2.25%

An American financial services company, Bank of America Corporation (NYSE:BAC) offers a wide range of related products and services to its consumers. The company has a strong foothold in retail banking, offering millions of customers a wide range of financial services, including checking accounts, credit cards, mortgages, and loans. Its advanced digital banking platform improves accessibility, while its investment banking and asset management divisions—Merrill and BofA Securities—provide advisory, trading, and financial planning services.

In the fourth quarter of 2024, Bank of America Corporation (NYSE:BAC) reported solid financial performance, with revenue increasing to $25.3 billion from $22 billion in the same period the previous year. Net income more than doubled, rising to $6.7 billion from $3.1 billion a year earlier. The company also continued to grow its customer base, adding 213,000 new consumer checking accounts, extending its streak of quarterly growth to six years. In addition, it returned $2 billion to shareholders through dividend payments.

With a track record of consistent payouts for 27 consecutive years, Bank of America Corporation (NYSE:BAC) remains one of the best dividend stocks according to billionaires. The company offers a quarterly dividend of $0.26 per share and has a dividend yield of 2.25%, as of March 3.