5 Best Dividend Stocks Under $50

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1. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 88
Share Price as of January 26: $33.4

Bank of America Corporation (NYSE:BAC) tops our list of the best dividend stocks under $50. The American financial services company has been making regular dividend payments for the past 24 years and currently offers a quarterly dividend of $0.24 per share. The stock has a dividend yield of 2.87%, as of January 28.

At the end of September 2023, 88 hedge funds in Insider Monkey’s database owned stakes in Bank of America Corporation (NYSE:BAC), compared with 90 in the previous quarter. These stakes have a total value of more than $31.3 billion.

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You can also take a look at 16 Most Undervalued Quality Stocks To Buy According To Hedge Funds and 12 Best Foreign Dividend Stocks To Invest In

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