5 Best American Dividend Stocks to Buy Now

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 100

Dividend Yield as of 3/4: 2.58%

Bank of America Corporation (NYSE:BAC) is another of the big four banks with a fairly attractive dividend yield of 2.58% and substantial dividend coverage given its payout ratio of 26.8% according to FINVIZ.com. In terms of the future, FINVIZ.com has an EPS next year of $3.69 versus Bank of America Corporation (NYSE:BAC)’s annual dividend of $0.88. Although its EPS could decrease if there is an economic slowdown, Bank of America Corporation (NYSE:BAC)’s dividend has potential to increase in the long term if the bank can maintain market share.