5 Best Annual Dividend Stocks to Buy Now

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 100

Dividend Yield as of 3/6: 2.58%

Bank of America Corporation (NYSE:BAC) is one of the big four American banks in the United States with an annual dividend of $0.88 per share and a dividend yield of 2.58% as of March 6. In terms of its dividend, Bank of America Corporation (NYSE:BAC) is committed to it as they said, “The strategy hasn’t changed. We’ve got, number one, support our clients. We’re going to, number two, invest in our growth. Then we plan to just sustain and grow our dividend.” Like JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) earnings could decline if there is an economic slowdown or recession but nevertheless has long term growth potential.