5 Best S&P 500 Dividend Stocks To Buy Now

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 96
Dividend Yield as of May 7: 2.55%

Bank of America Corporation (NYSE:BAC) is a multinational financial services company. It currently offers a quarterly dividend of $0.24 per share and has a dividend yield of 2.55%, as of May 7. The company has never missed a dividend in the past 25 years, which makes BAC one of the best dividend stocks on our list.

Bank of America Corporation (NYSE:BAC) was included in 96 hedge fund portfolios at the end of Q4 2023, growing significantly from 88 in the preceding quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of roughly $40 billion. Warren Buffett, Ken Fisher, and Ken Griffin were some of the company’s most prominent stakeholders in Q4.

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