5 Best Cheap Dividend Stocks To Buy Right Now

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 96
P/E Ratio as of April 5: 12.07

Bank of America Corporation (NYSE:BAC) is an American financial services company that offers a wide range of financial and banking products and services to its consumers. The company has been paying regular dividends to shareholders for the past 25 years and currently pays a per-share dividend of $0.24 every quarter. With a dividend yield of 2.59% as of April 5, BAC is one of the best dividend stocks on our list.

Bank of America Corporation (NYSE:BAC) was a popular buy among hedge funds at the end of Q4 2023, with 96 funds having stakes in the company, up from 88 in the previous quarter, according to our database. These stakes are valued at nearly $40 billion in total.

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