5 Best DRIP Stocks To Own

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1. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 90

Bank of America Corporation (NYSE:BAC) is an American multinational financial services company that tops our list of the best DRIP stocks. The company has a 24-year run of making regular dividend payments to shareholders and it currently pays a quarterly dividend of $0.24 per share. The stock has a dividend yield of 3.44%, as of November 9.

As of the close of Q2 2023, 90 hedge funds in Insider Monkey’s database owned investments in Bank of America Corporation (NYSE:BAC), compared with 91 in the previous quarter. The total value of these stakes is more than $31.7 billion.

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You can also take a look at 12 Best Undervalued Dividend Stocks To Buy Now and 11 Best Dividend Stocks on Robinhood

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