10 Best Strong Buy Dividend Stocks to Invest in Now

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 117

Bank of America Corporation (NYSE:BAC) is an American multinational investment bank and financial services holding company. On July 23, the company declared a 7.7% hike in its quarterly dividend to $0.28 per share. Through this increase, the company stretched its dividend growth streak to 11 years, which makes it one of the best Strong Buy dividend stocks. The stock has a dividend yield of 2.34%, as of July 29.

Bank of America Corporation (NYSE:BAC) reported strong earnings in the second quarter of 2025. The company reported revenue of $26.46 billion, which showed a 4.2% growth from the same period last year. Book value per common share increased by 8% to reach $37.13, while tangible book value per common share rose by 9% to $27.71. The company set aside $1.6 billion for credit losses, up slightly from $1.5 billion in both the second quarter of 2024 and the first quarter of 2025. Net charge-offs remained steady at $1.5 billion compared to those same periods. The Common Equity Tier 1 (CET1) capital ratio under the standardized approach stood at 11.5%, comfortably exceeding the regulatory minimum.