Dividend Stock Portfolio: 5 Stocks To Buy According to Reddit

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1. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 90

Bank of America Corporation (NYSE:BAC) tops our list of stocks reliable for dividend stock portfolios. The American banking company pays a quarterly dividend of $0.24 per share and has a dividend yield of 3.39%, as of September 20. The bank also stood well during the regional bank crisis, showing growth in its banking revenues in the second quarter of 2023, according to Reddit.

Bank of America Corporation (NYSE:BAC) was a part of 90 hedge fund portfolios at the end of Q2 2023, according to Insider Monkey’s database. The consolidated value of these stakes is over $31.7 billion.

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