5 Best Dividend Stocks For Rising Interest Rates

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 96

Bank of America Corporation (NYSE:BAC) is one of the largest institutions in the US that offers a wide range of banking services to consumers through its extensive network of branches and ATMs across the country. The company pays a quarterly dividend of $0.24 per share and has a dividend yield of 2.70%, as of March 5. With a 24-year streak of consistent dividend payments, BAC is one of the best dividend stocks for rising interest rates.

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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