5 Best Warren Buffett Dividend Stocks To Invest In Right Now

2. Bank Of America Corp (NYSE:BAC)

Warren Buffett’s Stake: $34,776,127,042

With over a decade of dividend increases and a dominance in the banking industry, Bank Of America Corp (NYSE:BAC) is among Warren Buffett’s favorites. The Oracle of Omaha owns a $35 billion stake in Bank Of America Corp (NYSE:BAC) as of the end of 2023.

HSBC recently upgraded Bank Of America Corp (NYSE:BAC) to Buy from Hold.

Sequoia Fund stated the following regarding Bank of America Corporation (NYSE:BAC) in its fourth quarter 2023 investor letter:

“Exits last year included Netflix, Bank of America Corporation (NYSE:BAC) and Micron. As discussed in our Q1 shareholder letter, we exited our investment in Bank of America soon after making it, as our thesis was quickly undermined by the regional banking crisis and the regulatory developments that it catalyzed. We think both Bank of America and Micron were purchased at conservative prices given the facts at hand, but the facts changed and we moved on.”