5 Best Financial Dividend Stocks To Invest In

4. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 90

Bank of America Corporation (NYSE:BAC) is next on our list of the best dividend stocks from the financial sector. The company currently pays a quarterly dividend of $0.24 per share, having raised it by 9.1% in July this year. It has been making regular dividend payments to shareholders since 1999. The stock has a dividend yield of 3.39%, as of August 23.

As of the close of Q2 2023, 90 hedge funds tracked by Insider Monkey owned investments in Bank of America Corporation (NYSE:BAC), worth collectively over $31.7 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q2.

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