5 Most Profitable Dividend Stocks To Invest In

3. Bank of America Corporation (NYSE:BAC)

Latest TTM Net Income: $23.3 billion

Bank of America Corporation (NYSE:BAC) is next on our list of the most profitable stocks that pay dividends. The American financial services company has a 25-year run of paying regular dividends to shareholders. Its current quarterly dividend comes in at $0.24 per share and has a dividend yield of 2.54%, as recorded on April 27.

The number of hedge funds tracked by Insider Monkey owning stakes in Bank of America Corporation (NYSE:BAC) jumped to 96 in Q4 2023, from 88 in the previous quarter. The collective value of these stakes is roughly $40 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q4, owning over 1 billion BAC shares.

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